"Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people ."
Posted by freedomforall 10 hours, 48 minutes ago to Government
Excerpt:
"A claim for equality of material position can be met only by a government with totalitarian powers – Friedrich August von Hayek
If there is one quote that thoroughly explains the outcome of the recent presidential election in the US, it is this classic by von Hayek. I believe that above all else, people voted against the seemingly inexorable rise of the administrative state and the centralized control and high cost such a rise engenders.
While more than half the country is happy with the outcome, moving away from the stability of the all-powerful state will come with tremendous cost starting with the capital markets. I believe our political transition will be accompanied by a serious bout of deflation, not only in the stock market but also in the credit markets.
Yet if the US is successful in transitioning towards a more decentralized power structure, with the attendant increase in bureaucratic efficiency, the US will take a dramatic leap past the rest of the world in terms of wealth and power. No country on earth will be able to vie with a lean, competitive United States.
There is nothing inevitable about this; success depends on reducing the power of an extremely powerful federal bureaucracy which has been building since the New Deal. I don’t know if it’s possible."
"A claim for equality of material position can be met only by a government with totalitarian powers – Friedrich August von Hayek
If there is one quote that thoroughly explains the outcome of the recent presidential election in the US, it is this classic by von Hayek. I believe that above all else, people voted against the seemingly inexorable rise of the administrative state and the centralized control and high cost such a rise engenders.
While more than half the country is happy with the outcome, moving away from the stability of the all-powerful state will come with tremendous cost starting with the capital markets. I believe our political transition will be accompanied by a serious bout of deflation, not only in the stock market but also in the credit markets.
Yet if the US is successful in transitioning towards a more decentralized power structure, with the attendant increase in bureaucratic efficiency, the US will take a dramatic leap past the rest of the world in terms of wealth and power. No country on earth will be able to vie with a lean, competitive United States.
There is nothing inevitable about this; success depends on reducing the power of an extremely powerful federal bureaucracy which has been building since the New Deal. I don’t know if it’s possible."
