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IPFS News Link • Free Market

I Have Seen The Future, And The Future Is a Free Market

• https://www.lewrockwell.com, By Jack Perry

 The shelves will be bare! Break out the sackcloth and ashes! Where will America find overpriced kitchen gadgets they'll never use?!

This is, quite simply, ridiculous. I'm probably going to get a lot of static about what I'm going to say because I'm not an "economist" (whatever that is) and I'm not an "expert". But the truth is, the "experts" have been wrong time and again when it comes to the economy. If this were not so, why do all their economic "plans" fall into ruins, both figuratively and literally, around a decade afterwards? For example, what fruit has "Reaganomics" borne into this future? Or George W. Bush's "Ownership Society"? Bill Clinton's and Barack Obama's "economic recovery plans"? Experts advise them in the same fashion the Titanic was advised to press full speed ahead into an iceberg field because it was allegedly "unsinkable". However, as we all know, the Titanic is currently returning to the Earth from whence it came.

The "economy" is not some granite block that remains unchanged for decades and decades. Like any other thing, manifestations of it arise and then pass away. But they do not disappear. They become something else. It's like people think the Earth came into being, it's a done deal, and everything here is permanent and remains the same for thousands of years. No. Things come into being here, pass away, and become something else. A river wears away solid rock and a canyon is formed. Species pass away and more successful species flourish. This brings me to my next point.


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