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Mises Wire Eduard Bucher 05/20/2024 Ultimate Fighting Championship fighter Renato Moicano’s recent statement that patriots should read Ludwig von Mises has led the Institute of Economic Affairs to upload a nine-minute video addressing the most googled questions about Mises. It is largely accurate and does justice to some of Mises’s major contributions, and for these reasons it is to be lauded; however, the presenter, Kristian Niemitz, notes that Mises’s intransigence led to his getting “a few things wrong,” including his belief that “there could be no such thing as a mixed economy in the long term.” In contradiction of Mises’s position, he argues, “Virtually all the world’s economies are mixed economies of one kind or another.” The position under attack is Mises’s famous 1950 article, “The Middle of the Road Leads to Socialism,” in which he shows that each intervention proves abortive from the very point of view of the government and the groups it was eager to favor. It brings about a state of affairs, which—again from the point of view of the government—is even less desirable than the previous state of affairs which it was designed to improve.

MAY 21 2024 * The World Economic Forum confirmed Tuesday that founder Klaus Schwab is moving away from the day-to-day management of the organization after more than 50 years at the helm. * The forum said that the move was part of a multiyear strategy to change its management structure, shifting governance to a president and managing board. * The 86-year-old's succession plan has been the source of much speculation over recent years, although the organization has remained tight-lipped about its intentions until now.