The validity of Say’s Law stands as the gatekeeper of economic freedom and prosperity. Without it, economic fallacies justify state force, which is multiplied in the name of public salvation.
I was interviewed on Blindspot Podcast by host Stephen Reardon. We discussed the economic hangover of the financial crisis, the banning of interest and the revolt against technocratic socialism. We also dug into the political results of 2016 and why it might be good for the world. You’ll really enjoy this conversation.
It is one thing calling upon the state to enforce things that you would also be personally willing to enforce but face technical, physical, cost or efficiency barriers, and quite another hiring the state to be your goon.
Video: British MP Jacob Rees Mogg exposes the empty, smug sophistry of a technocratic socialist, Bank of England governor Mark Carney.
In 2016, a fissure opened up in the seemingly impenetrable rockface of stultifying Technocratic Socialism. That is unequivocal progress, but it’s also only the beginning of what is going to be a long, uneven, and probably messy global realignment.