Ever wonder why your great-grandpa and his wife were able to raise 8 children on one middle-class income? I just discovered the Mises Institute's channel on YouTube. Give it a listen if you've got a spare half an hour. Watch at least the first ten minutes:
I know that academics tend to think of Libertarians as wackos, but this video hardly features candidates for the asylum. Anyway, I find all of this very convincing.
Anyway, I'm not gonna argue this Austrian-Economics video. Just thought I'd share.