Moving toward a Free Market but Never Getting There
The book is an admirable defense of distributism that exceeds anything written by G.K. Chesterton or Hilaire Belloc. Still, it's wrong.
The book is an admirable defense of distributism that exceeds anything written by G.K. Chesterton or Hilaire Belloc. Still, it's wrong.
For the most part, the Great Society represented the culmination of economic, political, and intellectual developments dating back a century.
The Fed economists and their supporters really believe — truly believe — that they are the rescuers of our economy.
It “was not inevitable,” writes Goldfield. Rather, it was “America’s greatest failure.”
They do not comprehend that capitalism, in engendering big-scale production for mass consumption, is essentially a system of wiping out penury as much as possible.
Keynes loved the pyramids. The attempt to rehabilitate the reputation of the pyramid project is part of a larger cultural effort to prop up the respectability of government in general and the nation-state in particular.
They did what they were supposed to do. Now, they have few job options at all.