05-31-2016, 12:29 AM
I guess the topic has morphed into something like, is there life after laissez faire?
I would say that extremes of state control, and extremes of laissez faire, suck the life out of the people. There's another word for laissez faire, and that is neglect. Just what the authors of T4T described as the problem with third turnings, and which leads into the crisis. Just what we experienced the last 35 years. No, it never works; the verdict of history is clear. Neither extreme works.
Interesting tidbit about Mises on his wikipedia article:
"Economist Milton Friedman considered Mises inflexible in his thinking"
Uh, kinda reminds me of Mises' follower here on T4T...
I would say that extremes of state control, and extremes of laissez faire, suck the life out of the people. There's another word for laissez faire, and that is neglect. Just what the authors of T4T described as the problem with third turnings, and which leads into the crisis. Just what we experienced the last 35 years. No, it never works; the verdict of history is clear. Neither extreme works.
Interesting tidbit about Mises on his wikipedia article:
"Economist Milton Friedman considered Mises inflexible in his thinking"
Uh, kinda reminds me of Mises' follower here on T4T...