anti-electorate
Saturday, November 04, 2006
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.
Previous Posts
- death & taxes
- beloved pumpkin
- In the House of Sorrows
- former fiction maven runs out of--
- Go Long!
- Archilochus
- superfluous freedom
- who whom when
- black teen unemployment
- Rothbard's Money Podcast: The Final Chapter
Links
- bk's homepage
- best of bk's blog
- bk's other writing
- "to quote myself ..."
- random blog entry
- BlackCrayon.com
"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 policies advocated by the welfare school remove the incentive to saving on the part of private citizens. On the one hand, the measures directed toward a curtailment of big incomes and fortunes seriously reduce or destroy entirely the wealthier peoples power to save. On the other hand, the sums which people with moderate incomes previously contributed to capital accumulation are manipulated in such a way as to channel them into the lines of consumption." - Human Action |
Money is the central commodity, the nerve center, as it were, of the modern market economy, and any system that vests the absolute control of that commodity in the hands of the State is hopelessly incompatible with a free-market economy or, ultimately, with individual liberty itself.
Murray N. Rothbard, |
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