Liberty Maven

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In Lew Rockwell’s latest article he tells us why we are experiencing this financial crisis. He also asserts that given the state of our economy and political culture there are reasons to be hopeful.

Will this go on for ten years like the last time? Will it end in World War III, as if following some historical script? Is it possible that we will go the way of Germany in the 1920s, straight into the abyss of hyperinflation and into the hands of a ghastly dictator? It is unwise to rule it out.

And yet, I’m not that pessimistic. It is extremely crucial to realize that there is a difference this time. In the 1930s, technological limits put severe restrictions on information delivery. Government propaganda easily dominated the culture. All of that has changed. Despite everything, people simply do not trust the government as they once did. Obama will enjoy a short honeymoon but it will be over by summer.

He ends with a wonderful quote from Ludwig Von Mises. To read it check out the entire article.