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Lost Republic
"On the free market, everyone earns according to his productive value in satisfying consumer desires. Under statist distribution, everyone earns in proportion to the amount he can plunder from the producers."
~ Murray Rothbard

NY Times doesn’t like my reading list.

open quoteMovement of the Moment Looks to Long-Ago Textsclose quote

So the agitation for greater liberty is nothing but the “movement of the moment.” It’ll pass, just like Fresca and drive-in theaters.

open quoteBut when it comes to ideology, it [the Tea Party] has reached back to dusty bookshelves for long-dormant ideas.

It has resurrected once-obscure texts by dead writers — in some cases elevating them to best-seller status — to form a kind of Tea Party canon. close quote

Um. Are you saying we should only read popular texts by living writers?

open quoteAll told, the canon argues for a vision of the country where government’s role is to protect private property — against taxes as much as against thieves. Where religion plays a bigger role in public life. Where any public safety net is unconstitutional. And where the way back to prosperity is for markets to be left free from regulation. close quote

Yes. No. Mostly. Yes.

open quoteRepublican nominee for Senate in Wisconsin, asserted that the $20 billion escrow fund that the Obama administration forced BP to set up to pay damages from the Gulf of Mexico oil spill circumvented “the rule of law,” Hayek’s term for the unwritten code that prohibits the government from interfering with the pursuit of “personal ends and desires.” close quote

This is a distortion to discredit the theory in the above mentioned books. Most libertarians/Austrian economists (Lew Rockwell) were against Obama’s interference in the BP disaster, but, and this what the NY Times neglects, advocated a 100% liability instead of the artificial cap which Obama placed on the company’s liability.

(Read more from nytimes.com)

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