A fan, asking for help in a debate, posted this on the Mises Institute Facebook page:
Debate rebuttal assistance please: I’m new to Mises and was presented with this during a debate:
And as far as von Mises’s hair-brained psuedo-economics go, they tried that in Chile under Pinochet, we saw how that worked out. Economic freedom for a lucky few at the expense of everyone else imposed at the barrel of a gun. According to various reports and investigations 1,200–3,200 people were killed, up to 80,000 were interned, and up to 30,000 were tortured by his regime including women and children. Some freedom there.
It’s not coincidental that von Mises praised Fascism as the salvation of Europe (his only criticism being that it didn’t go far enough), that Murray Rothbard and Lew Rockwell supported the discredited idea of so-called scientific racism and supported the political campaigns of neo-Nazi and Klansman David Duke, that von Hayek advised the Pinochet regime and advocated to Margaret Thatcher that she follow his model (she wisely rejected the idea) or that José Piñera, Pinochet’s minister of mining and labor is a senior fellow at the Koch brother owned Cato Institute. American Libertarianism and Anarcho-capitalism are nothing more than the same ideology repackaged in a thin wrapper of liberty and freedom rhetoric to be marketed the tragically naive.
I posted my response:
Has this person ever read Mises? Could he tell you about his regression theorem? Praxeology? Economic calculation? He doesn’t provide any criticisms of Mises’s “hair-brained pseudo-economics” at all. First off, they did not try Misesian economics in Chile under Pinochet, it was mostly Friedmanite (Chicago school) economics. Any Austrian influence came from Hayek. Secondly, he doesn’t even criticize Friedmanite economics! His whole argument is that the economics are wrong because Pinochet was a dictator. That’s like me saying socialism is wrong because Stalin was a dictator. No, socialism is wrong because it can’t calculate, the labor theory of value is invalid, etc. Obviously when you have a dictator there’s going to be murder by the state;that’s the point,it’s a dictator!
Next, Mises did not praise fascism. That quote has been taken way out of context. In the previous paragraphs he was criticizing fascism, and in the next sentence he basically said it was stupid and people shouldn’t get too excited about it. I haven’t heard anything about the Rothbard-Rockwell stuff, though I doubt it’s true. As far as I can tell, he is correct on the Hayek stuff, although Hayek’s strength was in economics, not in ethics or political science; he was probably the only Austrian who could be considered a “neoliberal”. I also don’t know anything about Jose Pinera, but I think I should point out that most Misesians/Rothbardians want nothing to do with the beltway Kochs and Cato Institute.
I’m sure I got some stuff wrong.
Anyways, I’m sure you’ve all heard these criticisms before, but I still thought it would be interesting for discussion and to hear your responses.