What Happened to Virtue? | Mises

click to go to original post at Mises Canada

 

… Instead of liquidating the debt and allowing the economy to reach a sound footing, both the Hoover and Roosevelt administrations attempted to manage it back to health. The result was the longest period of unemployment ever recorded in American history…

The media establishment, not to be outdone, is also on the side of intervention. Government is looked to as a savior while markets are seen as inadequate in providing for a satisfactory standard of living. With their incessant need to fix what isn’t broke, the political class is praised for their courage to take the reins of society and direct it toward a meaningful and just way of life… via What Happened to Virtue?.

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