History ends, again
Tuesday, September 23rd, 2008 By Mike Maurer
It’s a blast to the past yesterday, as anti-individual choice types rejoined Clinton’s famous 180/360/540 degree turn, “The era of big government is over.”
Yesterday it was “The era of easy credit is over“, “Latest era of greed is over“, “Era of greed is over and there will be no more business as usual“, “Era of the hedge fund is over“, “The end of Wall Street as we know it“, and the grand champeen, “President Clinton famously declared that the ‘era of big government’ was over . . . It is more likely that what is ‘over’ is Reaganism, the facile faith that the unfettered market offers the only path to economic prosperity.”
Yes, the left is gloating over destruction of their enemies, people who believe that government is way, way down the list when it comes to trusting who to be responsible for people’s lives.
What’s lost is how little people understand value-it’s nothing more than faith, what people believe something is worth. Can faith be wrong? You bet. Worse, it can be right, but subject to others’ panic–it isn’t your objective knowledge that counts, it’s others subjective belief, a belief that is subject to outright panic and wild swings up and down. In the end though, as hard as it is, the faith here amounts to people deciding what they want and doing what they need to achieve it. That’s about as safe a bet as you can get, in this world, anyway. This’ll pass, hard or easy, and the immutable dynamic will reassert itself. Let’s just hope we’re not condemned to a few decades of socialism because of it.
