Monday, August 07, 2006
A specter is haunting Europe. It's the gospel of free markets, loosed from chains."About Me
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- Name:bkmarcus
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.
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"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: "It is true that utilitarianism and liberalism postulate the attainment of the greatest possible productivity of labor as the first and most important goal of policy. But they in no way do this out of misunderstanding of the fact that human existence does not exhaust itself in material pleasures. . . . Not out of irreligiosity do they demand religious freedom but out of deepest intimacy of religious feeling, which wants to make inner experience free from every raw influence of outward power." - Nation, State, and Economy |
Real free trade, of course, doesn't require years of high-level government negotiations. Real free trade doesn't require codicils and compromises and agreements. If the Bush administration had wanted real free trade, all they'd have had to do is to cut tariffs and quotas, abolish the International Trade Commission, the "anti-dumping" laws, and the rest of the panoply of monopolistic trade restrictions that injure American consumers and coddle inefficient producers.
Murray N. Rothbard, |
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