Mises Daily
Author:
Paul F. Cwik
Online Publish Date:
Murray Rothbard once asked Ludwig von Mises at what point on the spectrum of statism is the point that designates a country as “socialist.” To his surprise, Mises said that there was, indeed, a clear-cut delineation: The Stock Market. Mises said, “A stock market is crucial to the existence of capitalism and private property. For it means that