Friday, July 10, 2009

Austrianism in a nutshell

I foresee great things for Shawn Ritenour.

Who on Earth is Shawn Ritenour I hear you ask?

He's the writer of one of the clearest articles on Austrian economics I've ever read. In this piece he explains the three sources of government income, and how they all screw up the lives of everyone else outside of the government mafia protection-racket tax-eating machine.

The future of Austrian economics gets brighter every day. One of the reasons is that we no longer immediately recognise the names of the writers of brilliant articles on the demonically dull subject of economics.

The snowball has grown. Let us hope, for all of our sakes, that the avalanche that this generates also becomes unstoppable.

In the meantime, read the article by Shawn. It is very much concerned with a US-centric view of the world. But if you exchange 'Obama' for 'Brown', and 'King' for 'Bernanke', the description of the British experience is still pretty much on the button.

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