"Governmentalizing, and thereby controlling through an appropriate bureaucratic apparatus, the providing of medical, accident, and old age care and of death (burial) benefits seemed an obvious way to put the reins on laissez-faire capitalism as well as on labor."
Socrates' conversation illustrates the logic of the politics of plunder and injustice in the polis. Socrates is able to do this because of his audience's lack of a definition of justice.
In the Free Market Environmentalism (FME) this can be justified on homesteading grounds: our ancestors exhaled, and left those rights to us.
"The kind of power traditionally exercised by kings and princes, represented chiefly by the tax collector and the military, was in fact a very weak kind of power compared with what a philosophy of government resting on the general will could bring about."
Then you may boast that you are the only school in the nation that offers any formal study of such economics based in deduction.
Although he writes with confidence, David Frum's rejection of the gold standard is based on faulty history, bad economics, and a belief in the power of Washington to manage the economy.
The inevitable collapse — and the moral outrage of those it hurts — will continue for as long as the public buys into the myth that higher education (and its professors) are too important to have to keep their costs and production in line with consumer demand.
Calvin’s embattled followers, enjoying rising aspirations against non-Calvinist rulers, developed justifications for resistance to evil ruler
"Yes, this is the mercantilist world of Paul Krugman. Peaceful private exchange is an act of aggression, and aggression will deliver us from an imaginary 'liquidity trap.' Indeed, war is peace, freedom is slavery, and ignorance is strength."
Ultimately, the Keynesian's deficiency comes down to their lack of capital theory, which eventually leads them to believe in a very disjointed monetary theory.
