The Making of an Ex-Democrat

Journalist / blogger Stacy McCain fields a few questions.  This part caught our attention:

Q. Mr. McCain, how would you describe your political foundations, such as your economic, social and national defense leanings?

A. To begin with, I’m an ex-Democrat. As far as I’m concerned, anything that is good for the Democratic Party is bad for America, and vice versa ..

In economics, I’m an Austrian – Ludwig von Mises and Friedrich Hayek. That goes back to the mid-1990s, when an editor of mine in Georgia, Tommy Toles, used to give me his back issues of The Freeman: Ideas on Liberty, a monthly publication of the Foundation for Economic Education, which is heavily influenced by the Austrian School. The basic point was made by Mises in 1922: Socialism, in whatever form it may assume, simply doesn’t work. However much liberals want it to work – to improve or reform society, to create more equality and “social justice” – their economic agenda simply can’t overcome the basic facts.

HT InstaPundit.  Find McCain’s blog here.

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Under socialism there will be no economic or social question that would not be political questions in that sense that their solution will depend exclusively on who wields the coercive power. — F. A. Hayek

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