The Economic Calculation Problem - (Austrian Econ Basics #3)
Channel: Ceadda of Mercia (was Anglo Libertarian)
Date: 2020-09-29

In 1920, Austrian economist Ludwig Von Mises changed the understanding of price theory forever, by showing how that prices are signals being given out to say where resources are best allocated. Not only was this a "good" way to do it, it's the only way to do it. That is to say, economic planning such as socialism is IMPOSSIBLE. With this understanding you will never have to wonder again why socialism has been a complete and utter disaster. It explains why potentially rich countries go destitute, and why destitute countries become rich the further away they get from socialism and learn to love capitalism for the positive-sum system that it is.

-

Support my content 
SubscribeStar (Better Patreon):
https://www.subscribestar.com/anglo-libertarian
Become a channel member:
https://www.youtube.com/anglolibertarian/join
PayPal:
https://www.paypal.me/anglolibertarian
Bitcoin:
3LeTCjAUWo9yPCz6X1D5PBLZJJYgffWdh7
Bitcoin Cash:
qrz3e3fty0a9gqfer9n0y6dpwq0r0z34cu7srt7rt9

Links
Twitch:
https://www.twitch.tv/anglolibertarian
Instagram:
https://www.instagram.com/Anglo.Libertarian
Twitter:
https://www.twitter.com/AngloLolbert

Business: anglo.libertarian@yahoo.com