Saturday, January 13, 2007

Link clean-out

Milton Friedmann:

What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.

Robert Higgs:

American liberty will never be reestablished so long as elites and masses alike look to the president to perform supernatural feats and therefore tolerate his virtually unlimited exercise of power. Until we can restore limited, constitutional government in this country, God save us from great presidents.


David M. Walker:


The largest employer in the world announced on Dec. 15 that it lost about $450 billion in fiscal 2006. Its auditor found that its financial statements were unreliable and that its controls were inadequate for the 10th straight year. On top of that, the entity's total liabilities and unfunded commitments rose to about $50 trillion, up from $20 trillion in just six years.

If this announcement related to a private company, the news would have been on the front page of major newspapers. Unfortunately, such was not the case -- even though the entity is the U.S. government.

James Bovard:

George W. Bush has made absolutism respectable among American conservatives. And no one has done more pimping for president-as-Supreme-Leader than John Yoo, the former Justice Department official who helped create the “commander-in-chief override” doctrine, unleashing presidents from the confines of the law.

[...]

Yoo believes Americans should presume that the government always has a good reason for violating the law, even when it deceives the citizens about the reasoning. Yoo’s doctrines are absolutely unfit for any system with a pretense of self-government.

Paul Cantor:

In short, the underpants gnomes are an image of capitalism and the way it is normally – and mistakenly – pictured by its opponents. The gnomes represent the ordinary business activity that is always going on in plain sight of everyone, but which they fail to notice and fail to understand. The people of South Park are unaware that the ceaseless activity of large corporations like Harbucks is necessary to provide them with all the goods they enjoy in their daily lives. They take it for granted that the shelves of their supermarkets will always be amply stocked with a wide variety of goods and never appreciate all the capitalist entrepreneurs who make that abundance possible.

What is worse, the ordinary citizens misinterpret capitalist activity as theft. They focus only on what businessmen take from them – their money – and forget about what they get in return, all the goods and services. Above all, people have no understanding of the basic facts of economics and have no idea of why businessmen deserve the profits they earn. Business is a complete mystery to them – it seems to be a matter of gnomes sneaking around in the shadows and mischievously heaping up piles of goods for no apparent purpose.

Matt Welch:

If his issues line up with yours, and if you're not overly concerned by an activist federal government, McCain can be a great and sympathetic ally. But chances are he will eventually see a grave national threat in what you consider harmless, or he'll prescribe a remedy that you consider unconscionable. Nowhere is that more evident than in his ideas about the Iraq war.

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