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Source link: http://archive.mises.org/17069/woods-on-mad-hatter-economics/

Woods on Mad Hatter Economics

May 24, 2011 by

If such a second American Revolution should ever come to pass, Thomas Woods could even match his namesake Thomas Paine. FULL ARTICLE by Andy Duncan

{ 10 comments }

Daniel Kuehn May 24, 2011 at 8:35 am

Wow – Thomas Paine, Gandalf, Dorothy, Harry Potter, and Michael Buble!

Tom Woods is an impressive guy!

Prophet May 24, 2011 at 9:50 am

“Thomas Paine, Gandalf, Dorothy, Harry Potter, and Buble!”

I really couldn’t believe it until I used CTRL + F.

“Tom Woods is an impressive guy!”

He’s also Gordon Freeman, Geralt of Rivia, a Q-tip, or any guy with a knack for tackling grime, soap scum, and dirt (which is all you really need for a libertarian allegory.)

Ken May 24, 2011 at 12:40 pm

I have got to get both Meltdown and Rollback on my reading list.

One pedantic nitpick: Cornelius Fudge was the Minister of Magic (a Cabinet officer), not the head of state.

JFF May 24, 2011 at 3:42 pm

Additional nitpick:

Incorrect; the Minister for Magic is equivalent to the Prime Minister and not a Cabinet position.

Au4U May 24, 2011 at 3:09 pm

“The scale of the coming, inevitable spending cuts will be unlike anything Americans have ever experienced during peacetime. Americans have never seen federal spending scaled back. Even when the newspapers speak of “budget cuts,” they don’t actually mean the budget will be lower than it was the previous year. They mean only that its rate of growth is falling. Government is never cut. But it will be.”

No, it will not. We will be paddling at full tax and spend speed the moment we go over the bankruptcy waterfalls. Then maybe – just maybe – we will consider fiscal responsibility the only viable option for a free society. Some things are only learned the hard way.

Capn Mike May 24, 2011 at 9:45 pm

I think that’s actually exactly what he meant.

Au4U May 26, 2011 at 3:17 pm

Maybe, but it still vastly underestimates Statist intentions. The last time we had something like this happen we got more government, not less.

Jordan Viray May 24, 2011 at 7:40 pm

Default may be inevitable but if Japan’s debt to GDP ratio means anything, our malaise will continue for quite some time.

Ohhh Henry May 24, 2011 at 9:21 pm

The Obama economic program has perpetuated and intensified the problems that are sinking the U.S. economy.

You can call it “the Obama program” if you wish, but I don’t have a feeling that Obama is personally responsible for anything that he signs his name to. Can you seriously give him credit for anything that happens in DC, Wall Street or the Middle East? His brain doesn’t seem to have been engaged in anything since at least 2008 and possibly, giving the many blank sections of his resumé, for a long time before that. I don’t know what to make of BHO’s actual signature, but it looks odd. Like a cartoon of a sleeping baby with a puppet string attached to its head. Look at it and decide for yourself.

If Obama ever actually articulates his policy (or any policy) and he isn’t reading a teleprompter at the time, or listening to an earpiece, then you can go ahead and refer to what is happening as “the Obama program”. But until then, I think you are falling for the old magician’s trick of misdirection whenever you associate Obama’s name with anything that has happened in the last 3 years. It may be more helpful in fixing the economy if the people who actually ruined it were identified with the problem, instead of the idiot puppet they nominated to take the fall.

Bill Clinton had some kind of a brain, and he still seems to go around shooting his mouth off occasionally with thoughts that seem genuine, if not original or particularly intelligent. Little Bush I assume is still able to make his chimpy points about whatever it is he thinks about, the usual lies about security and terrorists and his Daddy. But I predict that when the people who came up with “Obama’s program” no longer need him, Obama will more or less disappear back into the mysterious void that he came from.

Libertarian jerry May 25, 2011 at 6:18 am

The problem in America is that we have gone too far down the path of Socialism and collectivism to turn back. There are just too many net-tax consumers,who vote,and could care less about rolling back the government gravy train. Even if the system collapses,which is inevitable, the millions of government employees,retired government employees,Social Security and Medicare recipients,welfare and Unemployment Compensation recipients,government contractors,military etc.,etc. just couldn’t make it in a free market environment.The fact is that you could no easier train these parasites to be productive then you could train a maggot to become a vegetarian. This army of non-producers inevitably will turn toward a dictator or demagogue to lead them to the “Promised Land.” The Public School System and Main Stream Media have had decades to condition the majority of the American people to a system of dependency and serfdom. In the end the collectivists have done a good job of taking the moral high ground with their assumptions and presumptions and turned a relatively free and prosperous nation into a nation of serfs. The only problem is that the serfs like it that way. Let us face facts. People who love liberty ,self reliance,self responsibility and the government out of their lives are a distinct shrinking minority in America today. For America I feel its too late.

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