Spoken Mises

What Barack Obama and Hugo Chavez have in common is the conviction that prosperity can be achieved by consuming the means of production. But capital accumulation and economic progress depend on saving and innovation and these in turn depend on the freedom to make high profits and accumulate great wealth.

(Original Text)

Anti-Obamanomics: Why Everyone Should Be in Favor of Reducing Taxes on the "Rich" (6.90 MB)