Can we even count the number of confusions and falsehoods in Brad Cotton’s editorial for the Circleville Herald? Here’s they key passage:
The Austrian/Chicago economic academic model as taught by Mises, Hayek and Friedman and implemented among us by Reagan, Greenspan, Bush and Geithner, even Clinton and Obama, and perpetuated by gazillions of Wall Street dollars buying legislators is that we, the people, are incapable of governing, that the totally lawless and amoral free market ensures the greater good. The inevitable end result is dead coal miners, thousands dying for lack of health care and the dangerous acquisition of wealth and influence, the destruction of democracy itself, by modern day feudal lords. [via Robert Wenzel, EconomicPolicyJournal.com]
Bob Roddis comments, “Like all leftists, Mr.Cotton is congenitally unable or unwilling to differentiate between the free market and crony capitalism.”
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“The Austrian/Chicago economic academic model as taught by Mises, Hayek and Friedman and implemented among us by Reagan, Greenspan, Bush and Geithner, even Clinton and Obama,”
My head is spinning from the idea that any of these people, even Reagan, has a clue about Austrian economics.
Up is down and white is black.
Greenspan certainly had a clue about Austrian economics. He certainly did not implement any of it, though.
“If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?”
Bastiat figured these scumbags out 150 years ago.
They think that government people are not only made of finer clay, but somehow they know things the rest of us don’t.
I wonder if Mr. Wenzel ever counted the number of dead coal miners and compared it to the number of people (of all ages) who have died in the government’s wars. Or on the government-designed and government-managed highway system. If 100 people were dying violent deaths in Wal*Mart every single day of the year, there would be a response, I think.
The number of people killed by war is dwarfed by the number of people killed by their own governments during “peacetime.”
@Phinn
I believe your comments toward Mr. Wenzel are better suited for to Mr. Cotton, the author of this train wreck of an article.
Of course. Thank you.
Dumbest editorial evah. Yikes.
” The inevitable end result is dead coal miners, thousands dying for lack of health care”.
What does this have to do with Austrian Economics?
This is horse puckey.
Look at their USSR Utopia.
Much more deaths from industrial accidents. They even managed to have people die at a nuclear power plant – something that the US has yet to achieve. Boris Yeltzin’s mother died because the state operated pharmaceutical industry had run out of antibiotics.
Look at communist China.
Filthy coal fire power plants belching out sulfur dioxide and heavy metal pollutants.
It is socialists, such as Hitler and Ram Emanuel’s brother who advocate deaths panels.
Quoth Rothbard:
“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
C’mon people. This is obviously a hit-piece. It is disinformation designed to muddy the waters and sow confusion.
Jesus Christ. What a horrorshow.
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