Socialism on an Installment Plan

By Dan Sanchez @ LewRockwell.com

This is really excellent.

In a brilliant bit of economic reasoning in his classic essay “Middle-of-the-Road Policy Leads to Socialism,” Mises showed how even such a seemingly-minor intervention as a price ceiling on milk would inevitably lead to full-blown socialism, if the government pursued it to the bitter end, and if it undertook further interventions to try to deal with all of its negative consequences, as well as the negative consequences of those and all subsequent interventions. Thus, Mises called interventionism “a method for the realization of socialism by installments;” or, as we would say, “socialism on an installment plan.”

Read more… The Interventionist Spiral to Totalitarianism – LewRockwell.com.

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