individualism for the masses

BK Marcus is an amateur political economist with no formal education in the subject.

He works from Charlottesville, Virginia as an editorial consultant for the Ludwig von Mises Institute and managing editor of Mises.org.

He is no longer a house husband, nor a faculty spouse, but he is still a dilettante and a layabout, at least in spirit.

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"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

Murray Rothbard

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Benjamin Tucker Marcus
February 19, 2010

I Want to be a Consumer

January 21st, 2008 by bkmarcus

From John P. Cochran, economics professor and dean of the business school at Metropolitan State College of Denver:

Given all the misguided talk about stimulus and the need to get funds into the hands of consumers, it is a good time to revive the wonderful poem by Patrick Barrington, “I Want to be a Consumer” originally published in Punch two year prior to the publication of Keyness General Theory (issue April 25, 1934) and reprinted in Hazlitt’s The Failure of the “New Economics”, pp. 133-134:

I Want to be a Consumer

“And what do you mean to be?”
     The kind old Bishop said
As he took the boy on his ample knee
     And patted his curly head.
“We should all of us choose a calling
     To help Society’s plan;
Then what to you mean to be, my boy,
     When you grow to be a man?”

“I want to be a Consumer,”
     The bright-haired lad replied
As he gazed into the Bishop’s face
     In innocence open-eyed.
“I’ve never had aims of a selfish sort,
     For that, as I know, is wrong.
I want to be a Consumer, Sir,
     And help the world along.”

“I want to be a Consumer
     And work both night and day,
For that is the thing that’s needed most,
     I’ve heard Economists say,
I won’t just be a Producer,
Like Bobby and James and John;
I want to be a Consumer, Sir,
     And help the nation on.”

“But what do you want to be?”
     The Bishop said again,
“For we all of us have to work,” said he,
     ”As must, I think, be plain.
Are you thinking of studying medicine
     Or taking a Bar exam?”
“Why, no!” the bright-haired lad replied
     As he helped himself to jam.

“I want to be a Consumer
     And live in a useful way;
For that is the thing that is needed most,
     I’ve heard Economists say.
There are too many people working
     And too many things are made.
I want to be a Consumer, Sir,
     And help to further trade.”

“I want to be a Consumer
     And do my duty well;
For that is the thing that is needed most,
     I’ve heard Economists tell.
I’ve made up my mind,” the lad was heard,
     As he lit a cigar, to say;
“I want to be a Consumer, Sir,
     And I want to begin today.”

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