Dangerous Historical Myths
As a follow-up to yesterday's post, here's a great piece about Dangerous Historical Myths:
Take the standard account of the Great Depression and the New Deal. In many ways the New Deal itself was one result of another historical myth: the widely received account of what had happened to the German economy in the first half of the twentieth century, particularly during World War I and the Third Reich. That myth probably did more harm than almost any other in that century.
Unrelated, but important: next time I hear someone say "Communism is good on paper, but ... " I am going to hit the speaker over the head with a copy of Mises's Economic Calculation in the Socialist Commonwealth. Good thing it's a short paperback.