Roger Ebert gives his two cents (for what that’s worth these days; thanks Fed!) on the Occupy Wall Street movement, if you care to subject yourself to the inane political views of a mainstream-leftist movie reviewer. What I found interesting was the comic at the end of his article:
I have a PhD in political science, and I can tell you it doesn’t take passing Poli Sci 101 to realize that electoral politics is no way to bring about radical change.
One would think the left-liberals in this country would understand that better than most. Obama was their great Hope-and-Change candidate, an alleged outsider destined to change the way corrupt Washington works, and look how he turned out: Bush 2.0. But I guess the memories of unthinking, incorrigible statists are short — extremely short. Their great self-delusion: If only we can get the right people into power…
Economist Brad DeLong has come out swinging against Austrian economics again, and once again he’s punched himself in the face. But he’s too numb to realize it. There’s a great response on the Mises Economics Blog by Jonathan Catalán, and I take a stab on my site, Wirkman Netizen.
It’s interesting that neither Catalán nor I attack, in our respective longer efforts, the worst calumny of DeLong’s, his insinuation that the Austrian distrust of fiat money comes down to anti-Semitism: “[I]n its scarier moments this train of thought slides over to: ‘good German engineers (and workers); bad Jewish financiers.’”
Since Mises was a Jew, and was treated badly for anti-Semitic reasons at times — why does DeLong think Mises left Austria? — and that Mises never, ever supported anti-Semitism (nor did Hayek, for that matter), this is especially vile. It’s just another example of those leaning left (which means: technocrats who mislabel themselves as “liberals” and “progressives”) playing the racism/anti-semitism card when they lack a good hand.
DeLong should be ashamed of himself. But, then, one of the perks of being in the managerial class of the technocratic state means never having to say you are sorry.