Most Western historians claim that World War I came about because of aggression from Germany and Austria-Hungary. However, Great Britain and its ANZAC allies were not innocent bystanders.

Original Article: "How Australia and New Zealand Helped Provoke and Escalate the First World War"
This Audio Mises Wire is generously sponsored by Christopher Condon. 

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Every year on April 25, Anzac Day is observed in Australia and New Zealand. It originally commemorated Australians and New Zealanders who served and died during the First World War. It has since become a day of remembrance for all Australians and New Zealanders who have served and died in military conflicts.
One can understand the desire to mourn the dead. However, the loyalist nature of the commemorations—military and government figures are prominent, and there is social pressure to wear a red poppy—symbolizes a lack of critical thinking about the First World War. Many, if not most, Australians and New Zealanders treat the war as a tragedy that was largely unforeseen and ultimately futile. A significant number still affirm the pro-Allied view that German

A key principle in understanding Austrian economics is seeing the inefficiency of government spending. In an era of overbearing states and reckless fiscal policy, this principle must be emphasized repeatedly. Politicians might claim the best of intentions when dishing out funds for military defense, social welfare, and public works. Their civil servants might try to realize these plans efficiently and thriftily.
However, the very nature of government spending goes against sound economics because government does not subject itself to the rigors of the free market. The latter operates according to a system of profit and loss, which enables entrepreneurs to use market prices as a guide to invest their limited capital rationally. Those who do this satisfy their

It is a great tragedy that many modern military leaders and strategists do not understand economics. If they did, I suspect that there would be a lot less war, a lot less military spending, and a lot less wastefulness. Certainly, there would be greater awareness of the appalling human and economic costs of war in a capitalist age.
Ludwig von Mises, the great Austrian economist, understood this point well. In his 1927 book Liberalism, he noted that as late as the French Revolutionary and Napoleonic Wars (1792–1815), the world was divided into self-sufficient economic blocks.1 This factor helps explain the failure of Napoleon Bonaparte’s Continental System, a blockade designed to ruin Britain by excluding it from Continental European commerce. The system was poorly