November 17, 2006

Hamiltonian Economic Freedom

But they neglected to mention his most meaning work – the turning of the tide away from a failed Keynsian economic model, and his proving quite plainly that a military draft was completely unnecessary.

As the United States went, so did much of the western world after the proof presented itself.

In every way, his life work was the advancement of human freedom. He noted that there indeed IS a strong relationship between capitalism and freedom, saying quite plainly that
If this seems facile to some, remember that in the world of academia, one still has to struggle with explaining the most basic things from square one to advocate ideas. Quite plainly that means having to incessantly fun a gauntlet of basic questions peppering every moment’s work shot out by advocates of obviously failed economic ideas such as advocates of Keynes, miscellaneous Marxists, and those generally distrustful of people doing what they want with their own lives.

Keynes believed that government intervention could avert depressions. Friedman, quite rightly, was a sceptic. One can easily see countless examples of government intervention not only not being able to avert or end depressions though intervention, but that intervention can cause them as we see with protectionism, and extend them, such as was the case with the Great Depression of the 1930’s in the United States.

He noted quite frequently that the relationship between freedom and capitalism was proving itself out on a steady course for the better for all of humanity. Over the course of the past 50 years, the number of people living under command political systems and command economies was dwindling as free economy spread. Regardless of the occasional aberration where a free economy was allowed to function in an environment where political freedom was limited, (such as was the case of Yugoslavia under Communism, and today with the likes of Burma, China, and shortly with Libya, Syria, and countless others) that an evolution toward political freedom took place, almost always without bloodshed.
Plenty more there to read, you know. And a great background info for those who have heard of the people talking about Keynsian economics and taxes, and just didn't care enough to do the research to find out how full of the crap the pro-taxation guys really are.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home