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2009-02-07 — federalobserver.com
It has been the Austrian School economists who have warned, decade after decade, that the increase in the Federal debt would eventually threaten the solvency of the government and the stability of the dollar.
Now that this is visibly coming true, we still do not hear from professional economists cries of warning regarding trillion-dollar annual Federal deficits. They say nothing, except when they say it is a good idea, because it is necessary, because we have got to save the banks, because we have got to regulate the economy, and, most of all, because the unhampered free market system really does not work. This is what we are getting from people who have generally been known as free market economists. They are lining up as cheerleaders as the banks go to the Federal trough.
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Comments:
tvsterling at 22:03 2009-02-07 said:
An obvious fact of the history of Nazi Germany is that it was the most efficient state that ever existed. The amount of total control that it had over it's hapless citizens is legendary. Don't underestimate how quickly that control was realized (a matter of months). Another point; National Socialism WAS socialistic. That such a ruthless, reactionary regime was socialistic in many of it's aims is hard to reconcile. Actually that was how Hitler got the buy in of the German people. Also hard to understand at first glance is the shape of the eventual state that was to emerge. It was to be a sort of neo-feudalism. Technological peasants living in a land of high teck lords & ladies (watch Fritz Lang's Metropolis). Germany's robber barons & broken down aristocracy ate it up & they had the money to bankroll the Bohemian Corporal. I have always felt that the real danger to America would come from the right; not from the eternal communist boogieman. Permalinkadd a comment | go to forum thread
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