The French, Unfortunately, Actually Believe What They

Asset Bubbles Have Happened Even Without Not-so-easy Money. And, In A Depressed Economy, Where Alternative Uses Of Money Are Not Great, People Are Going To Bid Up The Prices Of Profitable Corporations And Stuff Like That.

The Raw Fact Is That Every Successful Example Of Economic Development This Past Century – Every Case Of A Poor Nation That Worked Its Way Up To A More Or Less Decent, Or At Least Dramatically Better, Standard Of Living – Has Taken Place Via Globalization, That Is, By Producing For The World Market Rather Than Trying For Self-sufficiency.

The Science Fiction World Has A Lot Of People Doing Seriously Imaginative Thinking.

[i]f One Asks What Substantive Contributions [f. A. Hayek] Made To Our Understanding Of How The World Works, One Is Left At Something Of A Loss. Were It Not For His Politics, He Would Be Virtually Forgotten.

Wealthy Individuals Bought Themselves A Radical Right Party, Believing - Correctly - That It Would Cut Their Taxes And Remove Regulations, But Failed To Realize That Eventually The Craziness Would Take On A Life Of Its Own, And That The Monster They Created Would Turn On Its Creators As Well As The Little People.