“While every group has certain economic interests identical with those of all groups, every group has also, as we shall see, interests antagonistic to those of all other groups. While certain public policies would in the long run benefit everybody, other policies would benefit one group only at the expense of all other groups. The group that would benefit by such policies, having such a direct interest in them, will argue for them plausibly and persistently. It will hire the best buyable minds to devote their whole time to presenting its case. And it will finally either convince the general public that its case is sound, or so befuddle it that clear thinking on the subject becomes next to impossible.”
― Henry Hazlitt, Economics in One Lesson
One of the benefits of running a blog for the last seven years has been interacting with so many smart people. During these daily interactions I am introduced to new ideas, different points of view, and become acquainted with a plethora of great thinkers. When I was younger, before kids, long commutes, running a blog and being beaten down by life, I was a voracious reader. My regular commenters direct me towards writers and books I wish I had read in my twenties rather than my fifties.
But I guess it is never too late to learn something new. I’ve now read the first two of the four books I bought myself at Christmas: The Law by Frederic Bastiat; Economics in One Lesson by Henry Hazlitt; The Road to Serfdom by F.A. Hayek; and Tragedy & Hope by Carroll Quigley. What is so striking after reading The Law (written in 1850) and Economics in One Lesson (written in 1946) is humanity’s foibles, belief in fallacies, and ignorance of economics hasn’t changed over the last two centuries.
Bastiat & Hazlitt are so clear and concise in their obliteration of the fallacies that socialism and government control of the economy are beneficial to society, that only a brain dead liberal, Ivy League economist, mainstream media shill, or a corrupt politician like Hillary Clinton wouldn’t understand. Clinton and her government interventionist minions play the game of promising “free” goodies to their special interest constituents, while promising to punish their enemies (the rich, deplorable middle class, coal industry, gun owners, religious conservatives, entrepreneurs, Russia, Assad).
The narrow minded focus of mathematically challenged liberals is to get elected by any means necessary. They tout the benefits of their new programs on the particular group they are buying votes from, without mentioning the costs, detriments or long term damage to the country and unborn generations. Politicians count on the ignorance of the populace when presenting simplistic fallacious policies that are economically damaging to the country. That’s how you end up $19.5 trillion in debt, with $200 trillion of unfunded welfare liabilities.
Corrupt politicians sell their deceits to a government educated dumbed down population by hiring highly educated lackey economist whores who sell their “expert” opinion to the highest bidder. A vast swath of the American public has been conditioned through government education and had their minds molded by establishment manipulators to feel rather than think. People believe untruths and half-truths because they have been conditioned to do so.
They say the truth will set you free. But in today’s society, silence about the truth will keep the masses enslaved in passivity and apathy. Huxley realized 85 years ago the truth could be drowned in a sea of distractions and irrelevance. Those who have controlled the unseen mechanisms of society through the educational system, mass media, think tanks, “experts” and corrupt politicians have successfully used propaganda to instill ideas and beliefs in the minds of the masses having no basis in fact or reality.
The unseen government behind the curtain represents the Deep State. This hybrid association of key players from Wall Street, Silicon Valley, mega-corporations, the corporate media, Madison Avenue, the Federal Reserve, shadowy billionaires, and bought off politician hacks, effectively governs the United States with little or no consent of the governed. It’s they who pull the wires directing the public mind. It’s they who choose your leaders. It’s they who reap the economic benefits of financial, trade, and tax legislation.