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10-19-2009 10:45 AM
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davboz says:
Original publication date: March 9, 1953. An MP3 audio file of this article, read by Floy Lilley, is available for download.
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10-19-2009 10:59 AM
davboz
As a compilation of legal material such a book may have some merit. But the author aims at more.His ambition is to justify the policy of interventionism from the point
of view of the philosophy of law as well as from that of the American
constitutional and legal system.
The question whether the United States should preserve the
private-enterprise system or should adopt what is nowadays
euphemistically called "direct controls" is not a problem of general
philosophy or of jurisprudence. It is a problem of economic policy.
10-19-2009 11:01 AM
davboz
The case against interventionism is not based on the interpretation of
the Constitution. (Incidentally, most of the recent interventionist
measures are certainly unconstitutional.) The economists do not raise the question whether or not interventionism
is legal or illegal, good or bad, desirable or undesirable. They
demonstrate that the various measures of government interference with
market phenomena do not produce the results aimed at by the governments
resorting to them. These measures rather create a state of affairs
which — from the very point of view of the government itself and all the advocates of interventionism — is more undesirable than the previous state of affairs which they were designed to alter.
10-19-2009 11:05 AM
davboz
If the government, faced with this inevitable outcome, does not want to repeal its decrees and to return to economic freedom, but goes on with its interventionist policy, it must add to the first decrees more and more decrees until it has regimented every aspect of the citizens' lives, their activities in production as well as the mode of their consumption. Then any kind of freedom — economic or political — disappears, and totalitarianism of the type of the Hitler Zwangswirtschaft emerges.
FINALLY, & VERY IMPORTANTLY:
Interventionism is not an economic system that can last. It can not be
preserved permanently. It must either be abolished or it must ...
read more»
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