The Phaserl


Monetary Central Planning and the State

by Richard Ebeling, The Daily Bell:

Dr. Ebeling is the author of Monetary Central Planning and the State (2015),  Political Economy, Public Policy and Monetary Economics: Ludwig von Mises and the Austrian Tradition, Austrian Theory of the Trade Cycle and Other Essays and Austrian Economics and the Political Economy of Freedom. With John Meadowcroft, Ebeling is the co-author of Ludwig von Mises.


Anthony Wile: Congratulations on the publication of your new book, Monetary Central Planning and the State. Let’s talk about that. Why did you decide to write this book?

Richard Ebeling: The themes in the book are ones that I have been interested in for decades. And I consider them crucial to the long-run stability, prosperity, and freedom of American and, indeed, global society.

Throughout the last hundred years the core issue that has confronted the world has been freedom versus tyranny. Shall governments be servants who protect and secure the rights of individuals to their life, liberty, and honestly acquired property, or shall governments be masters extending their controls, commands and prohibitions over more of human society with the individual an obedient sacrificial lamb meant to serve the interests of some political, social or economic collective?

For all of human history tyrants, dictators, kings and princes or democratic majorities have asserted and presumed the authority and power to make others obey them under the threat or use of force.

But through most of these hundreds, indeed, thousands of years the purpose was fairly straightforward: to make some the plundered slaves, serfs or subjects to provide those in power with wealth and social position.

This changed with the modern collectivisms – nationalism, socialism, and “democracy” – of the nineteenth and twentieth centuries. Now the goal of power was not simply to command and control for purpose of plunder. Another “vision” was added to this use of political power: to redesign, reconstruct and centrally plan the remaking of society and the human beings in it.
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