| | Tibor, you are right on target in your analysis of the problem, and the recent - today or yesterday - news in the Wall Street Journal about Obama's likely plans to enact a "national economic policy," favoring some industries and punishing others points in the direction of a Mussolini style of economic fascism.
To put this in full context, however, the Federal and state and local governments are ALREADY spending enormous funds per individual - stolen from those same individuals and their children and grandchildren to support all kinds of policial footballs - welfare, social security, medicare, unemployment insurance, the police, the largest prison system in the world, and the world's largest military, etc., etc., etc. That forces everyone to participate one way or another in the mad struggle to get "our share" or prevent more of it from being stolen.
As a libertarian, anarcho-capitalist and objectivist since the '60's, I have always argued strenuously against anything like a guaranteed annual income from the state, and I, too, have read Von Mises and his students, Rothbard and Hayek, but the problem is that I cannot avoid the conclusion that that would now actually be the lessor of evils. See my suggestion elsewhere here on bailing out from the bottom by giving every U.S. citizen the same basic stipend, thus undercutting the power of the political whirlpool that is sucking the lifeblood out of the nation.
(Edited by Phil Osborn on 11/20, 7:41pm)
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