Audio Mises Wire

Beyond Crisis: The Ratchet Effect and the Erosion of Liberty

Audio Mises Wire
Michael Matulef

After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect.

Original Article: “Beyond Crisis: The Ratchet Effect and the Erosion of Liberty”