Tuesday, August 09, 2011

The View From Planet Hubris

Imagine a scouting team of aliens arriving on Earth from planet Hubris, a team with absolutely no concept of economic freedom and free markets. If all they knew were macroeconomics learned from a book, they would not realize that billions of individual decisions underlay and direct markets every day, 24/7, each of which is made to provide narrow advantage, but in the aggregate provide the best collective choices.

Wouldn't they immediately presume to know better how things should work and set about to make it so?

That's what we have in the Obama White House and spreading through every federal agency like pod people, body snatchers completely alien to free markets and which views individual freedom as a messy obstacle to a better life to all.

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