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.

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

search new blog

search old blog

categories

archives

"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

Benjamin Tucker Marcus
June 18, 2008

Does Economic History Matter?

January 29th, 2008 by bkmarcus

My friend messaged me recently, saying "I don't think I can finish this article," followed by the section that stuck:

"Democrats will respond that Thomas, Alito and their allies on the Court are the true judicial activists who are working to return us to the dark laissez-faire days before the New Deal."

Of course, the Democratic distortions of history should be irrelevant to a principled constitutionalist, but we all know that principled people of any sort are few and far between. Consequentialism rules, literally. And bad history rules among the consequentialists.

Posted in economics, history, language |

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.