Available Now! (click cover)

America's Counter-Revolution
The Constitution Revisited

From the back cover:

This book challenges the assumption that the Constitution was a landmark in the struggle for liberty. Instead, Sheldon Richman argues, it was the product of a counter-revolution, a setback for the radicalism represented by America’s break with the British empire. Drawing on careful, credible historical scholarship and contemporary political analysis, Richman suggests that this counter-revolution was the work of conservatives who sought a nation of “power, consequence, and grandeur.” America’s Counter-Revolution makes a persuasive case that the Constitution was a victory not for liberty but for the agendas and interests of a militaristic, aristocratic, privilege-seeking ruling class.

Monday, February 09, 2009

Syllogism

  • Government takes over regulation of an economic activity from the market process.
  • Government regulation fails to prevent the bad it was intended to prevent.
  • Ergo, the market is incapable of regulating itself, requiring more government regulation

Addendum: This, of course, can be made more general:

  • Government assumes responsibility for the economy as a whole (the Fed, fiscal controls, housing policy, etc.)
  • The economy goes through bouts of inflation and recession, and sometimes both at once.
  • Ergo, since the market process cannot be relied on for self-generated stability, full employment, etc., more comprehensive government control is required.
Cross-posted at Anything Peaceful.

1 comment:

David J said...

Good one! Very entertaining.