Ludwig von Mises
A man’s home, as the saying goes, is his castle. For socialists and even many progressives, however, private property is an obstacle to be overcome, the source of the capitalist’s power to exploit, a privilege that must yield to broader social justice concerns.
Ludwig von Mises’s majestic magnum opus, Human Action: A Treatise on Economics, was published on September 14, 1949. In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.
Ninety years ago, on November 15, 1923, the Great German Inflation came to an end when the monetary printing presses were finally shut down, and the economic havoc came to an end. Its lessons are worth remembering.