8 thoughts on “Mises’ “Critique of Interventionism” restaged in Venezuela”

  1. Posted 19/03/2009 at 14:10 | Permalink

    Given the recent pronouncements of the Financial Services Authority, it would appear that a similar process is taking place in the UK banking sector.

  2. Posted 19/03/2009 at 14:10 | Permalink

    Given the recent pronouncements of the Financial Services Authority, it would appear that a similar process is taking place in the UK banking sector.

  3. Posted 19/03/2009 at 17:18 | Permalink

    One could argue that we’ve had ‘partial interventionism’ in the UK all my life time. I don’t know how old I need to be before that constitutes the ‘long run’?

  4. Posted 19/03/2009 at 17:18 | Permalink

    One could argue that we’ve had ‘partial interventionism’ in the UK all my life time. I don’t know how old I need to be before that constitutes the ‘long run’?

  5. Posted 19/03/2009 at 18:35 | Permalink

    Hayek defined what he meant by the sort of interventionism that would lead to totalitarianism in some of his interviews after The Road to Serfdom was published. From memory, I think he was very much focusing on price control and central planning rather than reguluation. This would seem logical. If you have price control, then resources will be allocated in a more and more distorted way and the planner then tries to rectify this by forcing people to do this or that job or produce this or that product.

  6. Posted 19/03/2009 at 18:35 | Permalink

    Hayek defined what he meant by the sort of interventionism that would lead to totalitarianism in some of his interviews after The Road to Serfdom was published. From memory, I think he was very much focusing on price control and central planning rather than reguluation. This would seem logical. If you have price control, then resources will be allocated in a more and more distorted way and the planner then tries to rectify this by forcing people to do this or that job or produce this or that product.

  7. Posted 19/03/2009 at 22:11 | Permalink

    Price control.. everything became a lot more complicated when Chavez started those

  8. Posted 19/03/2009 at 22:11 | Permalink

    Price control.. everything became a lot more complicated when Chavez started those

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