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Stimulation by Government

March 2, 2009
Llewellyn H. Rockwell, Jr.
2/27/2009

The great failing of the Obama administration is that it is packed with people who show no apparent knowledge of the essential truths of liberal theory. That theory – which is the core of the American political contribution to, and the driving force of, modernity itself – is that freedom is the foundation of and the reason for social and economic flourishing. All evidence suggests they know nothing of this.

Obamites hold the opposite view, the one advanced by the pharaohs and emperors of old, all the way through the Talibans and Hugo Chavezes of our own time. It is the view that nothing is beyond the competence of the state and its great leader. Particularly in economic affairs, these people have a wildly inflated view of what the nation’s chief executive can accomplish through sheer will.

The story continues …..

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