Not Just Survival; Not Just of the Fittest
Wifredo Lam (1902–1982), “The Jungle”Museum of Modern Art, NY
Opponents of private-property rights and the market mechanisms they give rise to routinely appeal to emotional reflexes in their condemnation of capitalism.
As Murray Rothbard described one of their favorite lines of attack,
With day after day of bleak news regarding the credit crunch -- and in particular, articles that constantly remind us that the Fed’s recent actions haven’t been tried since the Great Depression -- the average American is understandably perplexed. And although what I’m about to admit may not surprise many readers, it nonetheless may worry them further:
Most economists don’t have a clue what’s going on, either.