Recorded on 10 May 1962, and aired on 17 May 1962 during the intermission of the U.S. Steel Concert Hour. Mises had been asked to respond to the question: “Are the interests of the American wage earners in conflict with those of their employers, or are the two in agreement?” The affluence of the rich in a capitalistic economy is not at the expense of the poor. Profits are plowed back into enterprise, benefiting the common man. The typical American worker is also a saver and investor.
This rare recording of Mises is made available through the generosity of Bettina Bien Greaves.