Letter to Oszkár Jászi, 1 March 1943

I don’t believe in a totally planned economy. My first paper about a socialist economy, some twenty years ago, was built upon this. Mises attacked me saying that I cherished illusions if I thought that there existed a middle course between a laissez-faire and a totally planned economy.

Today we know what happened to Mises and this point of view of his. In reality today we can see nothing but a middle course.