In an excerpt —taken from a lecture Mises gave in Argentina in 1958—Mises put his finger on one of the key issues underlying not only the Brexit vote but also the current American election. Now Mises was a champion of classical liberalism and saw firsthand how the “passports, please” limitations on migration had gone hand in hand with the rise of socialism and fascism in Europe.
Young America is suffering a quarter-life crisis. The job market is in the dumps and has been for as long as millennials can remember. Twenty-somethings are anxious about the direction of the country. The more politically aware among their generation are on pins and needles about the looming presidential election.