By Big Al
Professor Antony Mueller responds to Dick Tracy
Mr. Tracy’s comment:
Dick Tracy says: (Edit)
Socialism is a psychological reaction to good times. After the great depression and hard times are established, the economy slowly begins to improve and after decades the confidence that is built up leads to excesses and then outrageous excesses. In it’s final stages socialism is a pendulum at the extreme end of it’s upswing that can’t be stopped by any measure; whether that is The President, or The Federal Reserve. When it reverses course it will be a violent turn in the beginning followed by years of hardship and then a sense of normalcy. Like a pendulum it is always in motion and due to repeat itself as hard times are forgotten. DT
Professor Mueller’s response:
Yes, I agree, Dick, there is something in human nature which gives us uneasiness when things are fine. It is the human urge for utopia. This is usually a positive force and may explain human success in terms of the evolution of the species. Yet history shows that this urge for utopia can also backfire when we choose the wrong type of utopia.
From:: The Korelin Economic Report