They imagine themselves to be the class of rulers, the aristocrats, the philosopher kings, the high clerics, the landowners, and to keep that power, they gladly fuel the basest of human instincts: nationalism, jingoism, and hate.
While many Americans were hungry and destitute, FDR ordered the slaughter of six million pigs and the destruction of ten million acres of cotton. Public-sector jobs created by the New Deal displaced or destroyed private-sector jobs. World War II didn’t end the Great Depression; a return to free-market activity after the war did.
American liberty will never be reestablished so long as elites and masses alike look to the president to perform supernatural feats and therefore tolerate his virtually unlimited exercise of power. Until we can restore limited, constitutional government in this country, God save us from great presidents.
In addition to the Downing Street memo, we now have former chief of the CIA’s European division, Tyler Drumheller, in an interview with Spieg
Bush was wrong, but in a way that is usually not understood. His mistake was not in overthrowing the state but in hoping to create and control a new one.
There is not a living soul who is willing to call the Iraq war a success. At the end of the day, all that Bush will leave is debt, death, and disaster.
From Imperialism and Social Classes by Joseph Schumpeter, translated by Heinz Norden (Meridian Books, 1955) pp. 50-52
Daniel Kahneman (the psychologist who won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2002) and Jonathan Renshon
We free marketeers get exhausted saying it so many times, but here goes: Foreign imports do not destroy jobs on net. Government interventions against international trade do not promote employment. Everyone can get hired in a free labor market, so there is no issue of "providing jobs."
