Liberty vs. Leviathan

Chronicling Liberty's battle against Leviathan

Say says it all

I’ve been reading A Treatise on Political Economy by Jean-Baptiste Say.  In a discussion on money and the “unfixing” of its value from silver Say notes (63) that at first the practice was opposed by the Law, saying, “Law strenuously opposed the innovation…”.  He continues, however, “…but principle was compelled to give way to power; and the crimes of power, when the consequences began to be felt, were confidently attributed to the fallacy of the principle.”

How’s that for a one sentence summary of 21st century political economy?

Advertisements

Filed under: Uncategorized, , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

October 2009
S M T W T F S
« Sep   Nov »
 123
45678910
11121314151617
18192021222324
25262728293031

Archives

%d bloggers like this: