Far from being prosperous, our America is now being buffeted by the worst financial tsunami in generations. All of us want to know what happened. What really caused this unbelievable turbulence? To answer this, why not turn to the teachings of my late professor, Ludwig von Mises, the greatest economic analyst of the past century? In the early 1920s, Mises predicted that the newly organized Soviet Union had set up an unviable economic system that would not be able to survive. Mises based his death verdict (made in his book, Socialism, shortly after the Russian Revolution) on the principle that … Continue reading What Would Mises Say?