The Lunatics Continue to Bay

Today's march of folly comes to us from a member of a "think tank" called the Hoover Institute. This from that same illustrious Stanford university that houses a promoter of Nazi ideologue "philosopher" brainwasher Ernst Mally . One Peter Berkowitz opines thusly in the Wall Street Journal:




"Highly educated people say the darndest things, these days particularly about the tea party movement. Vast numbers of other highly educated people read and hear these dubious pronouncements, smile knowingly, and nod their heads in agreement. University educations and advanced degrees notwithstanding, they lack a basic understanding of the contours of American constitutional government."




Here’s a fact about Alexander Hamilton's federalism that needs to be understood today by the clueless cranks on the so called left and right. In his report to Congress as Secretary of the Treasury on the subject of manufactures, Hamilton openly and unambiguously attacks by name Adam Smith! The reason we are currently reeling in the midst of economic hell is that we have allowed an unfettered, oligarchical clique of private financiers to loot this once great agro-industrial economy. The Heritage Foundation right hails this as a free trade race to the bottom capitalism a la Adam Smith. The environmentalist left abhors Hamilton’s correct understanding that technologically progressive manufacturing is the real source of wealth. The irony is that China, with its investment in high speed rail and water projects, is functioning much closer to what Hamilton’s economic genius was about. So much for the meaningless debate of left versus right in our hallowed halls of academia. Both their roads equally lead to hell…