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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

some bailout haiku

October 9th, 2008 by bkmarcus
Great Greater Greatest
Depression strikes because of
Corporate welfare.

Greater Depression
Economic fascism
Socialism wins

Corporate welfare.
Citizens know who to blame:
Capitalism!

It’s simple, really:
marginal utility
also works with cash.

Federal Reserve.
How many coups are hidden?
1913 was.

Spend your money now
Dollars piled in wheelbarrows
Fractional reserve

Cantillon effects:
mo’ money mo’ money mo’ …
But who gets it first?

Richard Nixon said,
“We are all Keynsians now.”
Look where it got us.

The Austrian school
of economic theory
has taught them nothing.

Back-room deal, Plan B:
If at first you don’t succeed
threaten martial law

(Update: please note John Kyle’s additional bailout haikus in the comments below.)

And a visual via Anthony Gregory:

Posted in economics, language | 4 Comments »

4 Responses

  1. On October 10th, 2008 at 4:40 pm ,
    jody said,

    Bailout haiku! Brilliant! Thanks for that. Here’s a bailout video that made me laugh: http://www.youtube.com/watch?v=uZUXXSxZPhw


  2. On October 10th, 2008 at 5:45 pm ,
    John said,

    Very nice, B.K.


  3. On October 11th, 2008 at 3:31 pm ,
    John Kyle said,

    helicopter fueled
    bernake begins his quest
    paper rain cuts me


  4. On October 11th, 2008 at 3:52 pm ,
    John Kyle said,

    greenspan MIA
    banks collapsing in the night
    now bernake weeps


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Straw-man "individualism": The position that individual rights always supersede group rights.

Stated this way, individualism seems unreasonable -- seems in fact like a call for dogmatically privileging one entity over another.

True individualism is both far more reasonable and far more radical for it denies the very existence of such a thing as "group rights".

According to individualism, no one's rights ever supersede anyone else's rights because all rights are equal and compatible.

bkMarcus, BlackCrayon Dictionary