Commentary
When the Bourbon dynasty was restored to power in France in the early 1800s, after Napoleon’s abdication, the French statesman Charles-Maurice de Talleyrand famously said of that family: “They had learned nothing and forgotten nothing.” In modern economic parlance, one can say the same thing about progressives, who once again are demanding price controls to “fight inflation.”
William L. Anderson is a fellow of the Mises Institute and professor of economics at Frostburg State University. He has published numerous articles and papers on economics and political economy in many publications and is a frequent contributor to LewRockwell.com.
