How Libertarianism was created by big business lobbyists

How Libertarianism was created by big business lobbyists #bitcoin

Like everything involving modern economics and libertarianism, it was a kind of giant meta-sham, shams celebrating a sham. Even the Nobel Prizes in economics awarded to people like Milton Friedman, George Stigler, or Friedman’s contemporary fans Heckman and Lucas, are fake Nobel Prizes — in fact, there is no such thing as a Nobel Prize in economics; its real name is the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel” and it was first launched in 1969 by the Swedish Central Bank and has since been denounced by Alfred Nobel’s heirs. And yet — in the words of Larry Summers, "Any honest Democrat will admit we are all Friedmanites now." Of course, there are no honest Democrats. And there are no honest economists. And these are the people who are framing our politics, the people who have told Greece and Spain they have no choice, and the people who today...

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