Hayek’s Warning We Ignored: Government Planning Doesn’t Fix Economies
Published: March 24, 2026
Duration: 20:18
Politicians say they can “fix” the economy.
But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems.
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To make sure you receive weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscrib...
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Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail.
But today, socialism is popular again. New York and Seattle have elected socialist mayors.
Many politicians still believe that government can manage the economy—an idea popularized by econo...
But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems.
_ _ _ _ _ _
To make sure you receive weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscrib...
_ _ _ _ _ _
Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail.
But today, socialism is popular again. New York and Seattle have elected socialist mayors.
Many politicians still believe that government can manage the economy—an idea popularized by econo...