# Mises’ Main Argument Against Socialism Summary::This is a talk given by Joe Salerno discussing Mises's argument against socialism. This presentation is pretty standard stuff explaining why central planners (i.e. socialists) cannot efficiently allocate resources. The big problem I saw in this presentation was the consistently careless use of references to value (see notes below.) Clipped from [Mises’ Main Argument Against Socialism (by Prof. Joseph Salerno) - YouTube](https://www.youtube.com/watch?v=nUCnyq1nyjQ&t=90s) at 2024-04-07. ## Notes 6:06 "Retains its value" e.g. gold 7:54 "Calculate the ***costs*** of anything." Should this be ***price***. 10:30 "Valuable uses." Again, should the word be "valuable?" --- # References