NZB3: George Riesman

3/09/2006

 

George Riesman

Well if No Right Turn looked stupid last week the latest from George Riesman blog today
has them looking even more stoopid now!

I'm all about economics, and of all the economists and schools of economics to pick from I go with the Austrian School. George Riesman is the modern-day torch-bearer for the kind of economics I like best. It is the economics of capitalism, the economics of rights, the economics of freedom.

Economics is not about dry and dusty trade figures or exchange rates. Don't be to thinkin' that economics is just about prices and what the banks get up to, there's far more! Economics is about the whole of human action. Not only does Riesman write about how money comes and grows but, as an economist, he has to understand environmentalism as well.

He makes several excellent points about the pro-global warming "environmentalists," here's one...

They tell us that if we destroy our capacity to produce and operate tractors and harvesters, to can and freeze food, to build and operate hospitals and produce medicines, we shall secure our food supply and our health better than if we retain and enlarge that capacity.

He makes another point, one I hadn't considered before. I'm going to blog about it above latter on but click on his link above and you can read about it right away.

It's not that those who don't fall for "global warming" want to poision the air. We don't believe that's what's happening. But even if we did, we would sooner poision the air than poision the engines of industry: The sources of all the prosperity that's now, and all that's yet to come.

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