Uploaded June 2026 | Updated September 2026, 1 week ago

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In 1920, Ludwig von Mises changed the debate on socialism forever. He didn't argue about corruption or laziness; he focused on the "Economic Calculation Problem." Without private property and market prices, how does a planner know what to build, how much to make, or where to send resources?

Watch to find out why Mises believed rational economic calculation is impossible without markets: youtu.be/HhGnmxtrj2o

#economics #mises #shorts #economictheory #freemarkets #history