Friday, December 19, 2008

Nazi Economics by David Gordon

Lew Rockwell.com:

"...(A) key point that (economist Ludwig von) Mises often stressed: any intervention in the free market necessitates further interventions, because the initial measure will fail to achieve its goals. If the interventions continue, full state control of the market will rapidly ensue. The end result will be not capitalism, but socialism. As Mises put it: 'All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which – from the point of view of their authors’ and advocates’ valuations – is less desirable than the previous state of affairs which they were designed to alter. If one wants to correct their manifest unsuitableness and preposterousness by supplementing the first acts of intervention with more and more of such acts, one must go farther and farther until the market economy has been entirely destroyed and socialism has been substituted for it.' 

Exactly this process took place in Germany after 1933." (Emphasis Mine.)

I don't think the murderous moron is a 21st-century Hitler. There are limits, you know, and a minor one is that Adolf was demonstrably smarter than "Our guy."

I don't believe what We're seeing is a deliberate economic mess, for the consequences are too huge to control for the good of anyone. But I do think the trend is to secure as much money as possible for an oligarchy and rather than run the country with an iron fist, the simple goal is to walk--if not run--away with a double-fistful of loot.

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