# Ep. 45 Hayek’s Warning We Ignored: Government Planning Doesn’t Fix Economies

Page: https://stenobird.com/podcast/john-stossel-on-odysee-5955553/ep-45-hayek-s-warning-we-ignored-government-planning-doesn-t-fix-economies
Text version: https://stenobird.com/podcast/john-stossel-on-odysee-5955553/ep-45-hayek-s-warning-we-ignored-government-planning-doesn-t-fix-economies.md
Podcast: [John Stossel on Odysee](https://stenobird.com/podcast/john-stossel-on-odysee-5955553)
Published: 2026-06-01T14:19:51+00:00
Episode link: https://odysee.com/ep.-45-hayek%E2%80%99s-warning-we-ignored:8818de01a4e5d1b5ac4b353f5ddcf6e5f5f820c9
Audio file: https://odysee.com/$/rss/media/ep.-45-hayek%E2%80%99s-warning-we-ignored/8818de01a4e5d1b5ac4b353f5ddcf6e5f5f820c9/02ddc2.mp4
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JSON: https://stenobird.com/v1/public/podcasts/john-stossel-on-odysee-5955553/episodes/ep-45-hayek-s-warning-we-ignored-government-planning-doesn-t-fix-economies
Duration seconds: 1236

## Resource

Politicians say they can “fix” the economy.But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems.Hayek and Mises predicted the fall of the Soviet Union. They warned that centrally planned economies fail.But today, socialism is popular again. New York and Seattle have elected socialist mayors.Many politicians still believe that government can manage the economy—an idea popularized by economist John Maynard Keynes.Keynes was revered. Politicians love his arguments.But Hayek and Mises warned that government intervention leads to inflation, instability, and boom-bust cycles.They were right.In this podcast, Ryan McMaken of the Mises Institute explains why we should read Hayek and Mises today. ... https://www.youtube.com/watch?v=yNq9BvMYDHE

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