Tuesday, July 6, 2010

The Man of the System

The man of system, on the contrary, is apt to be very wise in his own conceit; and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without any regard either to the great interests, or to the strong prejudices which may oppose it. He seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board. He does not consider that the pieces upon the chess-board have no other principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might chuse to impress upon it. If those two principles coincide and act in the same direction, the game of human society will go on easily and harmoniously, and is very likely to be happy and successful. If they are opposite or different, the game will go on miserably, and the society must be at all times in the highest degree of disorder.

Adam Smith (Theory of Moral Sentiments, Paragraph VI.II.42, 1759)

Monday, July 5, 2010

Banks v People

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
Lord Acton

Sunday, July 4, 2010

Complusive Educational anti-structures

Growth and mastery come only to those who vigorously self-direct. Initiating, creating, doing, reflecting, freely associating, enjoying privacy – these are precisely what the structures of schooling are set up to prevent, on one pretext or another.
 John Taylor Gatto (The Underground History of American Education, 2000)

Saturday, July 3, 2010

Personal Responsibility and 'the system'

[The statist/corporatist system's] very premise is that one should be able, without any personal responsibility, to purchase products or services in blind faith, confident that someone is looking out for them.
Aaron Everitt (June 9th, 2010)

Friday, July 2, 2010

Party's Over

For nations living the good life, the party's over, IMF says
Washington Post, 4/24/2010

Thursday, July 1, 2010

Spending is not growth

As I have said many times, GDP largely measures spending, and spending is not growth.
Peter Schiff (June 8th, 2010 - The Phantom Recovery)