Lew Rockwell on "Crazy Keynesianism" and the Police State

Occupy Wall Street after spreading across the country over the last 60 days, in protest of inequality and bank bailouts, to name a few issues, has seen a crackdown. Zuccotti Park, home of Occupy Wall Street was cleared out early this morning by riot police. Yesterday, hundreds of police in riot gear dismantled Occupy Oakland camp, arresting protesters. As for the movement, it continues as protesters march on in New York and in Northern California on the campus of UC Berkeley. As for the response from authorities, if you were an investor, would you wish you could go long police raids? Well we're pretty sure you can't, so who stands to benefit from this? We speak to Lew Rockwell, chairman of the Ludwig von Mises Institute.

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• rtamerica
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• Lauren Lyster
• Lew Rockwell
• Markets
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• Ludwig von Mises
• austrian economics
• riots
• protests
• OWS
• police state
• occupy wall street
• federal reserve
• interest rates
• unemployment
• charles evans
• inflation
• hyperinflation

[tubeboy8]

To all conservatives - Stop trying to protect a free market that doesn't exist.

To all liberals - Stop believing that govt can effectively regulate something that owns them.

Government and Corporate monopolies are on the same team. The enemy is not one or the other. The enemy is the establishment, which is the corrupt relationship between government and their corporate criminal owners.

[younwhosarmy]

@shyawnlinmonk ....and Now Nazi style highway checkpoints happening in Tennessee... Coming soon to your State.... TSA Terror Check points.... !!!! 

[AmerginMacEccit]

@tubeboy8

And that is called fascism.

[Success0527]

Look at all the shameless backtracking and goalpost-moving by Keynesians in these posts. Fiat money (currency destruction) and economic central planning are core tenets of Keynesianism, and it is these same concepts that have wrecked both Europe and the US. Now you say, "That isn't real Keynesianism"? Hello, this is reality calling: the Keynesians were wrong and the Austrians were right. Separation of economics and state is the ONLY way to fix this mess.

[mojorhythm]

@DarkMatterPlanB Fannie and Freddy's influence in the mortgage market waned significantly as the housing bubble reached its formative years during Dubya's presidency. And the Fed's responsibility is also overstated. Money is created endogenously by private banks, who then force the State's hand. The Fed follows their lead--it does not control the economy.

As you can probably tell, I am not a fan of Austrian or Neoclassical economics.

[mojorhythm]

@foredeck100 THANK-YOU! It's good to know that not everyone on YouTube is a mindless Austrian fanboy, screaming and blurting out incoherent platitudes about how somehow Ending the Fed and removing all regulations will usher in a capitalist utopia that will turn everyone into a millionaire entrepreneur with a cushy lifestyle.

[mojorhythm]

@Snookynibbles That's because you don't know what Keynesian economics is. Typecasting mainstream economists as Keynesian makes as much sense as calling me a mouse because I can say "squeak!"

Far more post-Keynesians (i.e. ACTUAL Keynesian economists) predicted the GFC than Austrians or Neoclassicals. Guys like Keen and Hudson observed the staggering levels of aggregate private debt, the excessive financial deregulation, and surmised that such a combination would surely spell disaster.

[Mosier2]

@jeepndesert You know very little of Rockwell if you believe he is in any way connected with scientology, Soros, the Rockefeller Foundation or the Koch brothers. Rockwell speaks for a future of liberty, property rights and peace.

[Snookynibbles]

It’s the Elitist Bankers who are in complicity with the FED, who set political agendas, who own the machinations of partisan politics & Crony Capitalists. Keynesians may claim that Government control of money is a necessary stabilizing force, but that’s a vacuous & convoluted claim. One merely needs inspect contemporary History to see the great mess Keynesianism has caused. Keynesianism sucks!

[Snookynibbles]

Yet the imposition of Central Banking with its Fiat currency, manipulated monetary policies, all at the beck & call of megalomaniacs government rulers affords unbridled Inflation (the debasing of currencies as a grand theft of private wealth)…this is a Statist hijacking of private for sake of Elitists & Government ownership. It’s monetary control that underwrites the great market ‘bubble’s of mal-investments, the destruction of currencies, and what underwrites the possibility of world wars.

[Snookynibbles]

Keynes’ folly is predicated upon the twisting of the historical maxim of how “Power corrupts & absolute power corrupts absolutely”…they don’t get it; Free Markets are a safeguard & historically demonstrable as the best means to optimize private wealth generating opportunity & standards of living…the US Preamble to the Declaration of Independence is predicated on Free Market opportunity, not the Statism the Colonists fled!

[Snookynibbles]

Conversely, it’s the Socialist, Statist, Collectivist poison of Keynesianism that’s been a tool of tyranny, underwriting untold misery, death & poverty the world over. The bankruptcy of Keynesianism is its hatred of individual freedom & its co-opting of private ownership of the Marketplace & Money (the latter an element of the former) in favor of ostensibly corrupt Government & Elitist control…such things anathema to all freedom-loving people.