video: Robert Higgs — author of Neither Liberty Nor Safety & Crisis and Leviathan — on government, the crisis, Austrian economics and how Obama is making things worse — a Book TV “In Depth” interview.
commentary: Taking a chapter from Hayek’s The Road to Serfdom, George Will explains how lies pave the way for a grap for power over the private economy:
The Constitution enumerates three requirements for those who would be president (they must be natural-born citizens, at least 35 and a resident within the country for 14 years) and now the government’s thrashing about in the economy imposes a fourth: Presidents must be able to speak pluperfect nonsense with a straight face, lest the country understand what the government is doing. Obfuscation serves political salvation when what the government is doing includes promising that if Chrysler will sell itself to Fiat, U.S. taxpayers will lend that Italian firm $6 billion.
Barack Obama displayed reality-denying virtuosity last week when, announcing the cashiering of General Motors’ CEO, and naming his replacement, and as the government was prompting selection of a new majority of GM’s board of directors, and as the government announced the next deadline for GM to submit a more satisfactory viability plan than it submitted at the last faux deadline, and as the government kept the billions flowing to tide GM over until, well, whenever, the president said: “The United States government has no interest in running GM.”
The central role of b*llsh*t in American public life is explained by philosopher Harry Frankfurt in his increasingly important essay “On Bullshit”.