Fantastic Speech by De Soto
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This blog post originally appeared on lewrockwell.com.
It appears that Scott Adams is a fan of Ludwig von Mises, who called socialism “Planned Chaos” – a term that might also be used to describe large corporations that attempt to centrally plan all things within a firm.
Yes, the facts and figures are a click away. The ability to use, understand, and communicate those facts is what must be taught and currently is not. And it doesn’t take an army of 8 million and a budget of 1 trillion dollars and counting to do it.
The case of Seuss enthusiast Charles Cohen beautifully illustrates the harmony between personal profit and service to others in the voluntary market economy. For good or ill, entrepreneurs will provide what the customers want — whether it’s one fish, two fish, red fish, or blue fish.
Ever since the current depression began, the Fed and most Washington politicians have assured us that quantitative easing, low interest rates and stimulus spending would all combine to set the state for real estate to “lead us out of the recession.” As far as I can tell, this theory is based on the idea that if real estate values can be re-inflated, then people will buy more houses, more furniture and more stuff.