Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Saddam is responsible for the economic downturn.

Posted by Jesse on October 10, 2008

Market Fundamentalism and the Madness of Crowd

Soros

It was a good interview. It’s hard to tell what Moyer’s thinks about what his guests say. But those he interviews are able to answer his questions on par. An interesting program.

Soros had a few interesting things to say. But, to use Soros’ words, his idea is based on a “false premise”. He is a smart man. Scratch that… He understands the opposition. I didn’t hear any reason given as to why I should trust the government as opposed to the market phenomena. History is wrought with government abuse. The administrations approval ratings are low. Congress’s public approval is down. Government policy/regulation is complicit in the current market condition. And Soros wants me to believe that this is a market failure and that somehow government policy will stabilize the situation?

They who are in favor of this activity are asking for a pre-emption on the market. Because of their faulty premise that the free market is to blame they are arguing that the market will likewise fail to correct. Unlike in the market, they are not putting their own personal capital forward but are instead asking for the people to support them.

WMD’s people. WMD’s

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In his famed MEMOIRS OF EXTRAORDINARY POPULAR DELUSIONS AND THE MADNESS OF CROWDS, 19th century historian Charles Mackay chronicled numerous economic disasters caused by irrational human behavior, including the tulip mania in 17th century Holland

Somebody notify Moyers that somebody updated the theory behind Tulip mania.

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UPDATE: I found this article on mises.org by rockwell.

http://mises.org/story/42

Soros and Clinton papering over the economy 10 years ago.

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