I’m not sure what it was like in 1931, but this CNN story (and another) of today’s similar events suggests what I’ve picked up on: incredible public anger at all that is going on. The general perception is that the government is bailing out the big players on Wall Street at public expense. The anger is unfocused but for once, it seems like the general public impression is correct actually.
Here is another poll showing only 28% support.
I wonder what the danger would be to seeing this anger go further. I don’t really see a downside unless it feeds a generalized anti-capitalist frenzy. On second thought, that probably is the downside.
Contrary to this story, letting failure happen is precisely what the pure theory of capitalism demands.
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It is important that the perpetrators are correctly identified.
There is an unConstitutional coup that encourages and feeds off of ego-driven interventionism. Within this statement the perpetrators can be identified.
Anger and disgust needs to be channeled into the energy it takes to find out the names of these ‘traitors’ and these ‘parasites’ and then that same channeled anger and disgust needs to be used once again to get the information out to everyone.
bruce is right. Austrians should use every opportunity to spread the truth. I am happy to see Ron Paul get air time on Fox and CNN, but that is not nearly enough. Internet is a greate medium, but that reaches only a certain fraction of the society. I worry that another episode of New Deal would play out in the near future.
It seems that the People have finally had enough of the State running roughshod over us. I have written and called my two Senators and my Representative. It will be very interesting to see how they vote on this power grab. The reaction to the bailout seems familiar to the reaction during the amnesty bill. Maybe they will listen to us…. one can always hope.
Luckily election day is only 6 weeks away.
I wonder if the angry people are the same ones whose debit is too big….
Let us not forget the admonishments from Mencken toward the mob, aka “angry citizens”.
“When the city mob fights it is not for liberty, but for ham and cabbage. When it wins, its first act is to destroy every form of freedom that is not directed wholly to that end. And its second is to butcher all professional libertarians.”
H. L. Mencken – Notes on Democracy
Beware the mob; its loyalties are not to liberty but to dismantling its betters. The mob’s current anger, while justified, is irrational and improperly motivated.
The “crisis” has been with us for decades; now the mob gives a damn all of a sudden? What has changed, except the fever pitch of impending doom has become shrill?
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