A Brief History of the Welfare State @misesmedia

Uploaded July 2026 | Updated September 2026, 1 week ago

The welfare state wasn't a socialist invention. It was built by German conservatives to bind people to the state — in Bismarck's own words, "by the chains of gratitude."

Full video: youtube.com/watch?v=ZiH7_awP9s4

#socialism #government #politics #economics

Profit and Loss Arent Cruel — Theyre the Point

Graham, McConnell, and Americas Late-Soviet Politics

The Division of Labor and Social Order | Shawn Ritenour

Luke Gromen - War Is the Greatest Misallocation of Resources

Gold, Inflation, and our K-Shaped Economy

Keith Knights Top Ten Problems with Democratic Socialism

The French Revolution and the War in the Vendée

$Why Mises Thought Fractional Reserve Banking Caused the Boom-Bust Cycle Bob returns to the fractional reserve banking debate to clarify a point the critics keep missing: in the Mises-Hayek-Rothbard framework, its fractional reserve banking itself that sets the boom-bust cycle in motion, not merely central banks. Celebrate Murray Rothbard’s 100th birthday with a free copy of The Case for a 100 Percent Gold Dollar during our August giveaway. Get yours at mises.org/HAPodFree Related: • Lawrence White, Free Banking in Britain: https://Mises.org/HAP561a • Bobs Previous Episode on Rothbard vs Free Bankers: https://Mises.org/HAP561b • Bobs Paper on the History of Fractional Reserve Free Banking: https://Mises.org/HAP561c • Roger Garrisons Presentations on Capital-Based Macroeconomics: https://Mises.org/HAP561d 0:13 Returning to fractional reserve banking 0:59 The free bankers blind spot 5:33 The smoking gun quote 6:20 Fiduciary media and credit expansion 10:10 Its not about bank runs 13:58 The 100% reserve proposals 24:41 Why Mises blames the market 27:46 Cantillon effects and gold 38:23 Fractional reserves per se 42:12 The structure of production 46:00 Sustainable vs. unsustainable booms 49:50 Conclusion: capital consumption Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics at https://Mises.org. X ► https://x.com/mises/ Facebook ► https://www.facebook.com/mises.institute/ Instagram ► https://www.instagram.com/misesinstitute/ SoundCloud ► https://soundcloud.com/misesmedia/ Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810 Rumble ► https://rumble.com/c/c-2212754 Odysee ► https://odysee.com/@mises/ Podcasts ► https://mises.org/podcasts$

misesmedia |

A Brief History of the Welfare State