2011-07-27

Once Upon a Fairy Tale Fraud


Here's your Ludwig von Mises word of the day: statolatry.

C.f. the following quote from Human Action, The Scholar's Edition, p. 689

Economics is not called to examine blind faith and bigotry. The faithful are proof against every criticism. In their eyes criticism is scandalous, a blasphemous revolt of wicked men against the imperishable splendor of their idol. Economics deals merely with the socialist plans, not with the psychological factors that impel people to espouse the religion of statolatry.

Brilliant, Luddie, simply brilliant!