Hi Horse -
"Ordinary folk" - who are they? Is that "the masses" I see in collectivist
fiction? (They are a collectivist fiction, by the way.)
Funny, when I take a snapshot of 60 years ago and compare it to today, today
looks an amazing lot better. Did they have MRI machines then?
60 years ago was also a time of absolutely unprecedented economic
strangeness, with Europe self-decimated and the U.S. temporarily at the top
of the heap, in part thanks to the horrendous Bretton Woods economic system,
which contained within it a deadly contradiction:
http://en.wikipedia.org/wiki/Triffin_dilemma . Not a sustainable situation,
similarly with the value of the dollar. We'll never go back there: not
without a devastated world.
The people marching (with a plethora of signs, enough of them anti-Semitic
for the JDL to be watching this movement) are not "ordinary folk," who in
the U.S. generally know that economic liberty works when it's allowed to
exist. They are on the left, with an anarchist spritzer. And anything but
grassroots, anyway: organized by Adbusters, a Canadian outfit with indirect
funding from Soros, and advertised by a collaborating media.
This much I agree with: people are getting screwed. But it isn't by the
bankers. It's by government pursuing a completely unsustainable path of
non-real money, debt, and crony "capitalism." Economic liberty (partial as
it was) changed the world for the better in a historical flicker of an eye.
For about the past hundred years, it's been subverted on many fronts. These
are the predictable (and predicted) results. The Austrian school of
economics foresaw all of this, because any sustained substantial
interference with the market induces dislocations that induce further
dislocations, and so on. That's why having real money (which constrains
debt, governmental or private) is so very important - and is happening,
anyway, de facto. Probably de jure in time.
The protesters are barking up the wrong tree.
MRB
http://www.fuguewriter.com
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