Joe Biden’s Economic Plan and Type 2 Socialism

from from FEE on 2020-07-10 15:05 (#55M06)

Joe Biden revealed on Thursday the first part of Build Back Better," his plan for economic recovery from the COVID crisis.

"This will be a mobilization of R&D and procurement investments in ways not seen since World War II," Biden said.

Unfortunately, Biden's plan calls to mind "the second pattern" of socialism described by the economist Ludwig von Mises in his treatise Human Action.

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