When it comes to addressing the popularization of socialism, the radicalization of academia is the lynchpin issue. If we could succeed in reversing that tsunami, many dominoes would fall.
The history of poverty is almost the history of mankind. The ancient writers have left us few specific accounts of it because they took it for granted. It was the normal lot.
Noah Smith's Bloomberg column praises Milton Friedman's "plucking model" of recessions, where the severity of a bust is connected to the strength of the following recovery. Does this refute Mises's BOOM-BUST theory?
