"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Dismantling Collectivism
Submitted by Westernerd on Sat, 2011-10-29 03:00
"Mises demonstrated that because socialism lacks a price feed back mechanism, there is no way for resources to be rationally distributed throughout the economy. There is no way for factory producers to know that they have produced too many shoes and not enough shirts. There is no way to know that the steel used in producing a toaster might have been better put to use producing a microwave oven."
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