When The Insane Run The Asylum

by Jeff Berwick
Dollar Vigilante

“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.

He believes that an economy should be overseen and manipulated, Soviet Union-style, by a few white men, preferably with beards, in a secretive boardroom. Here begins the real tragedy of the commons.

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