Richard Salsman
6.9K posts

Richard Salsman
@RichardSalsman3
Pro-capitalist. Prof. of political economy at Duke. Sr. scholar Atlas Society. Sr. fellow https://t.co/4OU0jXPAsq, Pres. InterMarket Forecasting, Inc. Opinions my own.

Abolishing private property in 2 easy steps Step 1 - Rent control: Rent is lower than costs and taxes so you can't do maintenance. Step 2 - Seizure: You don't have the money to do maintenance and the state uses it as an excuse to take your property.





As a young socialist, Hayek read Ludwig von Mises’ 1920 paper “Economic Calculation in the Socialist Commonwealth.” Mises showed that socialist central planning isn’t merely inefficient, it’s impossible. Without private property and genuine market prices, planners lack any rational way to allocate scarce resources or determine real costs and needs. Even Oskar Lange, a leading socialist in the calculation debate, effectively conceded the point. While he promoted “market socialism” with trial-and-error pricing by a central board, real-world socialist planners in Eastern Europe quietly relied on world capitalist market prices as a guide. Without external free-market price signals, pure socialism would be economically blind and coordination would collapse. Mises went further, arguing that interventionism, the “middle way” of government meddling, is inherently unstable. Each intervention creates problems that invite more interventions, eventually leading to full socialization. Price controls cause shortages, subsidies distort production, and the cycle continues until the economy is fully planned. The lesson is clear. Rational economics requires genuine market prices emerging from voluntary exchange and private property. Half-measures don’t stabilize the system. They accelerate the drift into central planning. The Austrian School understood this decades before the collapse of the Soviet bloc proved it in practice.

🚨 Stephen Miller says the scale of welfare fraud is SO MASSIVE that eliminating it alone could balance the ENTIRE federal budget "The amount that has been fleeced from us is in the HUNDREDS OF BILLIONS of dollars." "We could balance the federal budget if the only dollars that went out of the treasury went to individuals who were properly, lawfully, correctly eligible to receive them." This should infuriate EVERY taxpayer.

IT BEGINS… NYC Mayor Zohran Mamdani unveils plan to "transfer ownership" from landlords to "the community"



According to ex-climate alarmist Tom Harris, wind turbines "require a backup fossil fuel plant that continues burning 90% of the time, making the wind turbine largely unnecessary and, in essence, just for show". "This is a far cry from the environmentally friendly image that is presented to the public."

Mark Ruffalo talks about how America should shift from Capitalism: "It’s gonna take some re-imagining of what America is."

My latest from AIER: thedailyeconomy.org/article/animal…









