Obama and his administration apparently think they can successfully plan the economy. Of course, this is impossible. A healthy economy is a self-organizing process, the result of unthinkable numbers of interactions among individuals acting in their own self-interest. Oh, they can certainly plan an economy, but not a healthy one. It is nothing short of arrogance to imagine that a person or group of persons could plan such a thing. It’s like thinking we can plan the ecology of the planet, or the weather, only it’s even more ridiculous than those examples, since we’re working here with autonomous, free individuals. It is impossible and arrogant, but it will be interesting to watch them try. It would probably even be funny… if it were not painful.
Archive for mortgage relief
money, politics, socialism with tags bailouts, economy, financial crisis, liberty, money, mortgage relief, news, obama, politics, socialism, stimulus, thoughts on February 24, 2009 by wgreen
politics, socialism with tags free market, liberty, mortgage bailout, mortgage relief, news, obama, politics, stimuls plan, thoughts on February 22, 2009 by wgreen
Click the link below to see Rick Santelli hit a nerve on Obama’s mortgage bailout plan: