Market Forces

The philosophy of the free-market and minimalist government did not begin the Reagan/Thatcher love affair. It goes back to the inter-war years and the predominanly Austrian economists who believed that government interference in economic and social policy would lead to the totalitarianism which they had personally experienced before fleeing west. Keynes disagreed with them. He was right. Standing behind every right-wing moonbat, corporate banker or 'libertarian' is an economist telling them that what they are doing is for the public good.

 

“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back”