Tuesday, December 9, 2008

Now It’s Jobs (Lew Rockwell)

Lew Rockwell on the state continuing the swift road to fascism under the guise of "doing something":

The downturn is following a path so predictable, day by day, that people who comprehend the business cycle don’t even need to read the news. You can intuit what will happen next because it’s happening like a textbook case – even as it is reported with a continued sense of surprise.

Press reporting on the downturn has been like reports from a committee that knows nothing about gravity, but which has nonetheless been assigned to watch what happens when you drop objects from high places.

They keep filing surprised reports about how the objects fall – what a bizarre and unwelcome turn of events – and then they conjure up ways to keep this from happening through some outside intervention. They recommend bailouts, spending, programs, controls, and inflation.

You just want to get their attention and explain: what you are observing is part of the structure of reality itself, and there is nothing you can do to stop it. You can cover your eyes, put up fancy mirrors, turn somersaults, speculate and talk and decry all you want. But in the end, the downturn is a necessary and inevitable response to the previous boom. It must be allowed to continue on its course.

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