B.K. Marcus is an amateur political economist with no formal education in the subject. He works from Charlottesville, Virginia, as an editorial consultant for the Ludwig von Mises Institute. He is no longer a house husband, nor a faculty spouse, but he is still a dilettante, and a layabout, at least in spirit.
"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
Ludwig von Mises: "The endeavors to expand the quantity of money in circulation either in order to increase the governments capacity to spend or in order to bring about a temporary lowering of the rate of interest disintegrate all currency matters and derange economic calculation." - Human Action
The precedent has already been set: if it is proper and legitimate for President Bush and his administration to beg Japan, Germany, and other nations for funds for our military adventures in the Persian Gulf, why shouldn't they be forced, at least for one glorious year, to beg for funds from the American people, instead of wielding their usual bludgeon?
6 Comments:
Good luck!
I enjoyed your economics of flight attendant article profiled in the Mises blog...
!!!!!!!!!!!!!!!!!!!!
Congratulations!
Congrats on the soon to arrive baby Marcus!
Congrats. With his/her lineage, should be a real hell-raiser!
Congratulations, indeed!
Here's to entering a whole new reality . . . We're so, so happy for you!!!!
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