Patriotism as a Threat to Capitalism
It is very difficult to convince someone that if they refuse free money they will be better off.
It is very difficult to convince someone that if they refuse free money they will be better off.
It takes a lot of PhDs to convince the public that their systematic looting at the hands of politicians is actually for their own good.
Anthropogenic Global Warming (AGW) promoters have good reason for steering people away from the science. Once you start to tug on that ball of yarn, the entire politically motivated fraud starts to unravel.
The best remedy would be for the government to stop interfering and let the market process work.
"The idealist … sees the state as a neutral tool. If it can be used for the benefit of the rulers, it can be used for the benefit of the people, as if a slaughterhouse for the benefit of the farmer could be used for the benefit of the animals."
The lines are getting drawn with increasing clarity. Statism vs. liberty. Us or them.
Bernanke and the other macro wizards will just so happen to find that their models point them toward bailing out the major bankers and other politically connected titans of finance.
Nonetheless, by reflecting further on Etienne de La Boetie's key insight about the politics of authority, the will to bondage, and the eager embrace of voluntary servitude, and by devising an ingenious test for their influence on the ordinary individual, Stanley Milgram made an important contribution to the libertarian tradition.
"Through Fed monetary policy, the dollar is cheapened to produce an economy on steroids that eventually breaks down."