Lew Rockwell sees the silver lining in the worsening recession:
I admit to liking one aspect of our recessionary environment. It focuses the mind on what really matters, so that we are just a bit less likely to take wealth for granted. This is a tendency of everyone who lives in a booming economy. We tend to think of the wealth that surrounds us as a fixed part of nature, something that is not going away and can therefore be toyed with and manipulated by state actors.
People indulge in every sort of political fantasy about redistributionism during good times, but these fantasies evaporate once it becomes clear to us that wealth can vanish far more quickly than it came. Employees are laid off out of necessity, and then the businesses themselves start to fail. People's lives are disrupted, and economics suddenly takes on a new importance. We begin to see just how important it is to get the goods and services we need, that our jobs are secure, that we can make our dreams reality.
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