Friday, August 19, 2011

A World Without Crossroads

Socialist usually are kind and benevolent at the start; later, when the inevitable financial problems occur, the socialist becomes harsher because the economy needs more leadership. The failures are proof to them that someone is playing them false or rules are not being followed. It is never assumed that the basic concept is in error. When socialism fails, the socialist just tries harder.

This confidence in leadership and in concepts, the notion that components can be assessed and analyzed to create a sharp point in management, is common to all overreaching philosophies across the political spectrum and sooner or later reaches a moment where honest men would reevaluate their positions. We are watching such a moment now. The government has flooded the economy with money, has dropped interest rates to almost zero, and has promised more of the same. No effect.

Their response is things would be a lot worse without their intervention with money and low rates but, whether that is true or not, what is the next step?

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