Mises's argument in "Middle-of-the-Road Policy Leads to Socialism" is that intervention generates a crisis, the crisis gets blamed on whatever remains of the market, and the blame justifies further intervention.

Dominic Frisby is describing it here: credit expansion causes the breakdown, the people who opted out of the credit system get named as the cause, and confiscation (6102) follows as the remedy.

Here's the conversation: https://www.youtube.com/watch?v=wgEN9ctyR3s Its part of a longer conversation that is on the audio RSS feed of the pod.