Cronyism and Historical Revisionism | Mises Institute
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Patrick Newman.
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Patrick Newman.
The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave owners depended upon several government regulations to subsidize their “peculiar institution.”
How do we guard against misinformation when business firms join with government to promote things that simply are false? As Murray Rothbard noted, people still have reason and the free will to make decisions for themselves.