LAW OF BAD IDEAS Keynesian stimulus. Monetary stimulus. Price controls. Wage controls. Interest rate controls. Tax hikes of all sorts. Tariffs. Abenomics.
“No politically acceptable idea is so bad it cannot be made worse.”
“The worse the idea, the more likely it is to be embraced by academia and political opportunists.”
“Bad ideas don´t go away until they have been tried and failed multiple times, and generally not even then.”
LITE EKONOMISK POLITISK HISTORIA (delar av några Mises Institute artiklar)
The National Socialist German Workers Party was “progressive” (“Adolf” was a “progressive”)
Authoritarianism – or, the belief that state compulsion is justified in pursuit of a “higher goal,” such as scientific progress or greater “equality” – was traditionally a characteristic of the social democrats as much as of the revolutionaries.
By assuming “moral superiority” they make political dialogue almost impossible. Authoritarianism was the common feature of socialists of both National and Leninist varieties. Each faction loathed the others as heretical, but both scorned free-market individualists as beyond redemption. Their battle was all the fiercer because it was a battle between “brothers.” (Hayek)
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