The Wrong Questions
The Wrong Questions
From today’s WSJ online:
A question for discussion and voting: Does the Paulson blueprint go too far toward deregulation?
Article: Paulson Plan Begins Battle Over How to Police Market (How should government police the market?)
Article: Fed's 'Supercop' Role May Give It Headaches (How can we make the Fed more responsive to crises?)
From Critique of Interventionism, Ludwig von Mises, p. 18:
“The middle system of property that is hampered, guided, and regulated by government is in itself contradictory and illogical. Any attempt to introduce it in earnest must lead to a crisis from which either socialism or capitalism alone can emerge.
“He who undertakes to recommend a third social order of regulated private property must flatly deny the possibility of scientific knowledge in the field of economics. . . [In the U.S. today] economics is formally abolished, prohibited, and replaced by state and police science, which registers what government has decreed, and recommends what still is to be decreed.”
From Gravity’s Rainbow, Thomas Pynchon:
"If they can get you asking the wrong questions, they don't have to worry about the answers."
Tuesday, April 1, 2008