Saturday, November 6, 2010
Hey, What’s the Big Idea?! - Don Boudreaux
EXCERPTS:
Speaking of modern "liberals," Boudreaux writes that they
"overflow with ideas.... But these ideas are almost exclusively about how other people should live their lives. These are ideas about how one group of people (the politically successful) should engineer everyone else’s contracts, social relations, diets, habits, and even moral sentiments.
"Put differently, modern “liberalism’s” ideas are about replacing an unimaginably large multitude of diverse and competing ideas – each one individually chosen, practiced, assessed, and modified in light of what F.A. Hayek called “the particular circumstances of time and place” – with a relatively paltry set of ‘Big Ideas’ that are politically selected, centrally imposed, and enforced not by the natural give, take, and compromise of the everyday interactions of millions of people but, rather, by guns wielded by those whose overriding ‘idea’ is among the most simple-minded and antediluvian notions in history, namely, that those with the power of the sword are anointed to lord it over the rest of us.
Speaking of modern "liberals," Boudreaux writes that they
"overflow with ideas.... But these ideas are almost exclusively about how other people should live their lives. These are ideas about how one group of people (the politically successful) should engineer everyone else’s contracts, social relations, diets, habits, and even moral sentiments.
"Put differently, modern “liberalism’s” ideas are about replacing an unimaginably large multitude of diverse and competing ideas – each one individually chosen, practiced, assessed, and modified in light of what F.A. Hayek called “the particular circumstances of time and place” – with a relatively paltry set of ‘Big Ideas’ that are politically selected, centrally imposed, and enforced not by the natural give, take, and compromise of the everyday interactions of millions of people but, rather, by guns wielded by those whose overriding ‘idea’ is among the most simple-minded and antediluvian notions in history, namely, that those with the power of the sword are anointed to lord it over the rest of us.
Friday, November 5, 2010
The Lessons of the Great Depression - Robert Barro
Robert Barro | FiveBooks: "- Sent using Google Toolbar"
YouTube - Quantitative Easin'
If you'd like a non-technical explanation of the Fed's new policy, try this.
Monday, November 1, 2010
60 Minutes: "Fallen Flat" Recovery Has Brought "Anger In The Land"
Lots of interesting interesting examples which demonstrate that in a dynamic, ever-changing economy, businesses and workers often have to make big adjustments, and those adjustments are sometimes very painful for the people involved.
Subscribe to:
Posts (Atom)