Economic Facts and Fallacies: The Free Market and the Big Brother Repression
Acknowledgements In my limited knowledge, I would like to give sincere and grand thanks to the Mises Institute , which has introduced me to a thought process and state of mind that will grant me to proceed with caution by invariably questioning the orthodoxy and consensus of the times. I owe my knowledge and understanding of monopolies to Tom Woods, an economist with the Mises institute and Thomas J. DiLorenzo , the acclaimed President of the institute . Through my studies, Wood s and DiLorenzo ha ve aided in my understanding of the fallacy and ironically gigantic misconception that monopolies are inherently ev il. Introduction During a US history class overview of Mark Twain's coined term, “ The Gilded Age,” I came to believe that I was being misled in my education. This was not a critique of my educator, as she has been one of the best instructors I have had the pleasure of experiencing . I r ecall asking my teacher if it was true th...