Monday, August 2, 2010

Doug Plumb sent me this video about Friedrich Hayek's Road to Serfdom.  It doesn't capture the gist of the book but makes several good points.

Hayek: Milton Friedman a methodological Keynesian because he thinks that government can manage the money supply.  "No government is politically or intellectually capable of providing the exact amount of money that is needed for economic development." "The aggregates, sums, averages and statistics are no substitute for the detailed knowledge of every single price and their relations to one another...(Monetarism is) a mistaken attempt to overcome our limited knowledge."

Hear it from the source: No difference between socialism and fascism.

Milton Friedman on Friedrich Hayek and Anthony Fisher.


Doug Plumb said...

I hate the word fascism. Its just not defined, where socialism is well defined (in my mind) as social engineering - a planned society from the top down.

Fascism is a means of creating that society by creating demand for it from the bottom up.

Webster Tarpley defines fascism as a ground source movement and uses Hitlers Youth and modern environmentalism as examples- you set the youth and uneducated in motion with fascism to demand more top down control. He calls "color revolutions" such as the Green movement of today examples of fascism. He is a student of history. This is the only clear and well defined definition of fascism I know of.

Too many people use it like the use that other F-word. It seems to get used when no other quite applies and a strong negative connotation is required.

Moussolini said that fascism results from corporatism (I assume this is because of corporatisms need for propaganda to implement its long range plans).

The word fascism is really my number one pet peave in this whole mess. I spent quite a bit of time looking for a concise definition until Tarpley explained it.

(Webster G. Tarpley used to be associated with LaRouche but separated, now he does a lot of patriot radio shows explaining history and fascism and things in primarily that context. Fascism is very much his "schtick")

Doug Plumb said...

I think I said my previous comment before. May as well delete it.