More Mencken Wisdom

Gilduck,

And you come to your conclusion based upon what evidence? Com'on Chief point to the words that even hint that I had not heard or read the quote before.

Just more emptiness from the cranial vacumm of a socialist.

So apparently you have never heard the 'hobgoblins' quote before vidyohs? You just read it in that link and thought "well fancy that!". I heard that quote years ago and have the disinterest as I would if someone quote the 'teach a man to fish' saying as if it had never been heard before.

I remember well reading and hearing, from what many people considered sound and reliable sources, as early as September, that without the $700 billion bailout we were doomed. Credit would become so scarce that the economy would come to a screeching halt, and the destruction would run from Wall Street to Main Street.

What was it that the bailout did to forestall such a calamity? Paulson & Company dithered and equivocated well beyond the deadline that was originally announced (any day!!), and the actions they eventually took could hardly be described as earth-shaking.

Similarly, Boudreaux and Mencken are right that the same holds with the Obama Stimulus plan. It will help, for sure -- if you happen to be among the lucky few special interests to wallow in its gusher of benefits. The economy as a whole, however, and most of us producing wealth, will lose, if not in the short run, then in the long run for sure. Consequently, the poor stiff who depends on the entrepreneur's enterprise for his livelihood will suffer from the dreaded 'trickle-down' effect.

Why is it that Keynesians insist that THIS time, the former laws of economics don't obtain? How many times do they have to be proved wrong by history before they capitulate?

Poor, Gilduck,

What a fool. 'Tis sad when fools just shoot themselves in the foot being silly.

Gilduck, would you not think (if such is possible) that every wise thing Mencken said is old and well circulated?

Obviously it is old because it is of Mencken's creation and Don specified the year 1918; but it is well circulated because it is wisdom and wisdom never loses its value.

Now what problem could you have with the useage of the word more, considering Mencken's wisdom is a frequent topic of Don's?

What a mess you are kid.

More? The 'hobgoblins' quote is old and well-circulated.

Hey, the "remember personal data function is working again!!!!!!

Good on ya!

LOL,

I am neither a tenured professor or a young sprout, yet I couldn't support the positions of Cafe Hayek any more than if I were a partner in it.

Bret, do you have your packet of guarantees with which you came out of the womb clutching it in your little fist?

Could you post up the particulars of that packet so I can see if it is equal, or more equal, to mine.

Bret - you are mistaken if you think anyone is safe from hard times.

And I should add that tenured professors and young students are best placed to deal with the current situation so it's no surprise to hear them call for policies allowing for others to bear extreme hardship.

Well, there's doom and there's ***DOOM***. No, we're not all ***DOOMED*** if there's no stimulus package. And yes, the stimulus package will cost a tremendous amount and we'll likely be worse off in the long run in aggregate.

But, for a lot of people who face losing their jobs in a rising unemployment situation, it is a type of doom. And since it may easily set them back so far that they and their families never recover or come close, it is pretty much doom.

So what we would have, especially without the stimulus and certainly to some extent anyway, is the bad luck lottery. Those who are assigned the losing tickets are doomed.

Many people don't want to take that bet.