Friday, January 5, 2007

And Lobby groups, elected and non-elected officials will remain silent

The IRS has no problem with theft, so long as you report fair market value for the inventory of your plunder.

PDF here.

The supreme plunders will grow fatter as a consequence.

Via: Von Mises Blog.

"Point. Click. It's that quick!" in Canada too!


gm said...

Von mises he only wrote tomes and changed the course of history and that Hayek guy he only influenced Churchill.

Now Galbraith he was wrong about everything but at least it became policy.

Thucydides said...

I became a convert to the "Austrian School" of economics during my education in the late 1970's and early 1980's.

On the one hand, I was learning the wonders of Keynsian economics, the Phillips curve and the IS/LM model, yet outside the cloistered doors of academia the world was struggling with Stagflation, high interest rates and high unemployment; conditions which the Keynsian model hold are impossible simultaniously.

Reality has a difficult time penetrating the walls of academia, and my attempts to question the obvious mismatch between observation and theory (or worse yet, to point out how the Reagan revolution was solving the problems Keynsian economics denied were possible in the first place) only led to being shunned, and suffering academicly as well.