Ludwig von Mises argued that the world inclines to socialism because people support socialism. To Mises a free market depends on enough people supporting a free market. I was thrilled when Bryan Caplan and I won $25,000 for ISI’s Templeton Culture of Enterprise Best Article Award for our article defending Mises’s views on the importance of public opinion.
But can free-market ideas appeal to the masses? My professor Walter Block has long opined that socialist ideas are easier to sell with short slogans and songs: “It’s not sexy to write a song describing supply and demand.” I am pleased to report that two excellent Fayetteville State University students of mine made this catchy music video, “Free market anthem.” A line about supply and demand equilibrating (check), a dancing alien (check). It’s just a matter of time before socialism crumbles!