Cliff Küle's Notes:

Cliff Küle's Notes Your daily CONSOLIDATOR of the most insightful WEB presentations on the subject of MONEY .. The Ultimate Confidence Game .. How our Monetary System works for the benefit of some .. at the expense of others.

(Untitled) Aug 25th 2013, 00:56, by noreply@blogger.com (Cliff Küle) The Economic Philosopher's  Outcast: Ludwig von Mises This essay comes from, believe it or not, The Huffington Post .. it begins with how an economics professor named Ludwig von Mises was targeted by the Nazis in their invasion of Austria - von Mises escaped to Switzerland the day before the Nazi takeover of Austria .. von Mises believed that any kind of authoritarian government infringes on the people's rights to worship, travel, utter free speech & own businesses - all of which were banned by the Nazis & the Bolsheviks ..  "Mises proved that it was impossible to allocate scarce resources effectively without private property and free-market prices. He showed that the more the state limited economic incentives to individuals, the greater the harm to low-income people and the general population. Centralized planning, something that was characteristic of all three types of socialism: the Nazis, the Fascists and the Communists, led to the ruin of an economy, and resulted in more and more tyranny and the rise of the totalitarian state. What economists failed to understand was that massive government spending and a authoritative centralized government would bring economic ruin to Germany, Russia, and many other countries." LINK HERE to the essay

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