February 20, 2013
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[Editor's Note: The following post is by TDV Editor-in-Chief, Jeff Berwick]
“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.”
― Friedrich Nietzsche
Nietzsche was right. If you sat beside Ben Bernanke in his Washington Nationals box seats while he slurped on his ice cream cone and you had a general conversation with him, he probably wouldn’t come across as being insane. “That was a nice home run,” he’d say. You’d nod.
But it is people like Bernanke who believe in collectivist systems and top-down economics who are insane.