There appears to be a conscious attempt underway to shift the grounds of the current American political debate in preparation for this fall\u2019s presidential campaign.<\/p>\n
Interestingly, this attempt to shift the goal lines (advancing the motionless Party of Big Government from their own 20 yard line to the other guy\u2019s 20 by the simple expedient of moving the yard markers) comes from the political left, despite the fact that — if we\u2019re to believe the bellowing leftist press of New York, Washington and Los Angeles — the socialists have nothing to worry about in November, since the nation is about to elevate the Most Liberal Senator in Washington to the presidency by acclamation — \u201cThe \u2018Ayes\u2019 have it! Now everybody go home!\u201d<\/p>\n
The problem with such predictions, of course, is that Republican John McCain seems perfectly capable of coming out of the gate come Labor Day, warning that Democrat Barack Obama plans to \u201csolve all our problems\u201d with higher taxes and bigger, more expensive government — a recipe that American voters have rejected in every presidential election for 30 years, INCLUDING the 1992 election, when voters rejected a Republican who had lied about \u201cNo new taxes\u201d in favor of Bill Clinton and Al Gore, who claimed at the time to be moderate \u201cNew Democrats,\u201d anxious to \u201cend welfare as we know it.\u201d<\/p>\n
How to prevent this from happening? One strategy would be to convince Republicans to abandon this winning line of attack before they\u2019ve even given it a try, by seeding the public discourse with seemingly uncoordinated declarations from \u201cobjective\u201d sources that the public has \u201csoured\u201d on the notion that free markets are a good thing, that nowadays all manner of \u201cexperts\u201d have instead decided bigger and more powerful government is the answer after all, \u201clooking with favor at more, not less, government involvement in the economy.\u201d<\/p>\n
Republicans who fall for this line of crap would be rewarded by being called \u201cmoderate\u201d and \u201creasonable.\u201d Those who do not would be promptly branded \u201cradical zealots\u2019 and \u201cinflexible ideologues\u201d (as if that\u2019s anything new.)<\/p>\n
Thus, we get Thomas Frank, the Wall Street Journal\u2019s new token Op-ed Leninist, declaring on July 16: \u201cThis, historians will someday say, was the snarling end of an era in which our leaders believed that markets represented the very will of the people; that to serve one was to serve the other.\u201d<\/p>\n
Thus it is that the Los Angeles Times on the very same date gives us their \u201ceconomic\u201d reporter, Peter Gosselin, declaring (in an analysis headlined \u201cAmericans may be losing faith in free markets\u201d): \u201cFor a generation, most people accepted the idea that the core of what makes America tick was an economy governed by free markets … — certainly better than government meddling. No longer.<\/p>\n
\u201cSpurred by the continued housing crisis, turmoil in financial markets, spiking oil prices, disappearing jobs and shrinking retirement savings, the nation and its political leaders have begun to sour on the notion that the current market system is the key to a fair, stable and efficient society.\u201d<\/p>\n
\u201cWe\u2019re at a hinge point,\u201d William A. Galston, a senior fellow at the leftist Brookings Institution in Washington, D.C. tells Mr. Gosselin. \u201cThe strong presumption in favor of markets, which has dominated public policy since the late 1970s, has been thrown very much into question.\u201d<\/p>\n
\u201cNow,\u201d this objective reporter from the L.A. Times declares, \u201cto a degree not seen in years, politicians and outside experts are looking with favor at more, not less, government involvement in the economy.\u201d<\/p>\n
Why? Well, for one example, \u201cIn large part, the rise in house prices and the recent plunge grew out of an almost unregulated corner of the mortgage market — the one for riskier loans,\u201d Mr, Gosselin reports.<\/p>\n
And it\u2019s the same with fuel prices, apparently, where \u201cThe message that Americans are getting is that something went wrong with the markets and you got hurt,\u201d economist Robert E. Litan of the Brookings Institution tells Mr. Gosselin of the Times.<\/p>\n
WHAT ARE THE ALTERNATIVES TO FREEDOM AND \u2018MARKETS\u2019?<\/p>\n
Why do the fans of big government have to do such heavy lifting to try and make this case? Because the advantages of freedom — and the disadvantages of government control — are so obvious.<\/p>\n
You\u2019ve got a lawn mower you don\u2019t need any more. Your neighbor wants it. You agree on a price. Should someone go find a government regulator to issue a \u201cpermit\u201d for the transaction, collecting taxes and fees and certifying the price is \u201cwithin allowed government strictures and guidelines\u201d? Should a policeman have the power to arrest you for selling your lawn mower without government permission? Don\u2019t be ridiculous. You sell the thing; everybody\u2019s happy.<\/p>\n
If the public has \u201csoured on the merits\u201d of free \u201cmarkets,\u201d why is my Saturday paper still loaded with ads for unregulated yard sales?<\/p>\n
Are things substantially different when you get to much larger markets? No. So long as there are courts to handle theft and fraud, free markets work fine. Their \u201cefficiency\u201d is unrivaled, since no nest of government regulators could possibly have enough information about local conditions to make all these decisions for us. (Look up the way the Soviet government used to set targets for ice cream production based on French per capita consumption statistics, some time — without considering they had no refrigerated transport capable of getting the stuff more than a few hours\u2019 travel from Moscow.)<\/p>\n
When Mr. Gosselin submits that \u201cthe current market system\u201d is not \u201cthe key to a fair, stable and efficient society,\u201d he\u2019s using some very carefully chosen words. For what could be \u201cfairer\u201d than allowing each participant in any transaction the freedom to sell or not to sell; to buy or not to buy?<\/p>\n
There is only one alternative to \u201cfree markets,\u201d and that\u2019s \u201ccoerced markets\u201d — a system where armed government thugs threaten to arrest and jail anyone who tries to buy and sell without government permission, where some voluntary transactions are barred, and other transactions are required whether both participants like it or not.<\/p>\n
Yet we\u2019re told this would be \u201cfairer.\u201d \u201cFairer\u201d!<\/p>\n
Meantime, government economic \u201cmanagers\u201d have always promised greater \u201cstability and efficiency.\u201d Ask the people of Eastern Europe whether they want to go back to the massively \u201cstable and efficient\u201d economic system that prevailed there from 1918 to 1991. Ask the Italians whether they want to bring back Musolini\u2019s economic system, dubbed \u201cfascism\u201d after the Roman symbol of a bundle of white birch rods bound up with an axe, the fasces. Heck, just ask Americans who lived through the gas lines and rationing of the late 1970s whether they\u2019d like to go back to Nixon-Ford \u201cwage and price controls.\u201d<\/p>\n
That\u2019s what Mr. Frank and Mr. Gosselin are peddling — the kind of government control that always ends up requiring \u201cjust a little\u201d coercion and slave labor to make things come out \u201cfair, stable and efficient\u201d — a phrase which interestingly shares not a single word nor aspiration with \u201clife, liberty, and the pursuit of happiness.\u201d<\/p>\n
But cleverest of all is this assertion that what has now failed sufficiently to lose public confidence is \u201cthe current market system.\u201d<\/p>\n
Note the absence of the word \u201cfree.\u201d<\/p>\n
Yes, we\u2019re in an inflationary economic doldrum. But note the sectors that are in worst shape are precisely those where our markets are currently LEAST free.<\/p>\n
Inflation is galloping. Why was there virtually no inflation from 1789 to 1932? Because Congress did its assigned job, making sure the dollar was pegged at approximately three-quarters of an ounce of silver or one-twentieth of an ounce of gold. Since you could trade in your paper dollars for those quantities of metal at any time (and any banker without the metal to make good his bearer bills could be arrested for fraud), the number of greenbacks that could be printed was limited by the amount of gold and silver in the vaults; the value of the dollar remained constant.<\/p>\n
To some extent since 1933 — and entirely since 1969 — that link is now gone, not thanks to any chicanery by \u201cgreedy speculators\u201d in the free markets, but due to extraconstitutional government fiat. The government now prints unlimited Monopoly Money \u201cdollars\u201d that are worth less every month, stealing the value of any retirement savings denominated in these same so-called \u201cdollars.\u201d<\/p>\n
Is there a \u201cfree market\u201d in money that\u2019s somehow failed? Try to get a government court to enforce a voluntary private contract calling for payment in gold. Try to open a bank that proudly proclaims \u201cnot insured by the FDIC — not part of the Fed — fractional reserve banking not practiced here,\u201d issuing gold and silver certificates — or even one-ounce silver rounds — as more sound alternatives to those increasingly worthless Federal reserve greenbacks.<\/p>\n
Not allowed.<\/p>\n
Are banks with large mortgage holdings now collapsing because they were allowed \u201ctoo much freedom\u201d — or because the Community Reinvestment Act of 1977 and other government regulations required them to make home loans previously considered too high a risk, assuring everyone, \u201cDon\u2019t worry, it\u2019s all backed by Uncle Sam!\u201d?<\/p>\n
How has the \u201cfree market in banking\u201d failed, if there hasn\u2019t been one for 95 years?<\/p>\n
And where can I get one of those \u201calmost unregulated\u201d mortgage loans Mr. Gosselin talks about, by the way?<\/p>\n
WHAT ARE THEY AFRAID OF?<\/p>\n
Yes, many airlines are in trouble, too — though not the most innovative ones, like Southwest.<\/p>\n
Because of the foolish decision to allow a free market in air travel, you say? Just try to issue stock and build your own airport, buy your own planes, launch your own airline — perhaps an all-smoking airline like the one German entrepreneur Alexander Schoppmann proposed recently, or my own proposed Air Ganja, one attracting passengers by promising \u201cNo TSA goons, no security checks, no smoke detectors, feel free to bring your firearms and smokes on board like you used to\u201d — all without federal government licensing and permission. Not allowed, is it? None of it.<\/p>\n
So how can the \u201cfree market\u201d have failed, when there\u2019s no free entry into any \u201cfree market\u201d in air travel, at all?<\/p>\n
It\u2019s a pretty good trick: Set up a \u201cmixed\u201d system with too much wasteful, oppressive and counterproductive government command and control, call it a \u201cmarket\u201d (hoping no one will notice you dropped a word, failing to actually say \u201cfree market\u201d), and then moan — when the interventions of government politicians and regulators mess everything up — that this \u201cproves markets don\u2019t work.\u201d<\/p>\n
Let\u2019s put our eye back on the ball. The goal here is to inoculate Sen. Obama and this fall\u2019s crop of Democratic congressional candidates against perfectly credible charges that they\u2019re philosophically indistinguishable from a bunch of fascists, who want government to run the economy after the fashion of Messrs. Stalin, Mussolini, Hitler, Castro and Mugabe.<\/p>\n
Now: why would anyone want to raise a hullaballoo in an attempt to discourage Republicans from making that charge — unless that charge is true?<\/p>\n","protected":false},"excerpt":{"rendered":"
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