Libertarian Chaos

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"After all the brinkmanship and game playing over the debt limit last year, and after being ridiculed by pretty much everyone, the Republicans are back at it. In an election year and with last year’s plunge in the polls as evidence that voters just don’t agree with their tactics....

The breakdown occurs in pretending to be proffering scientifically based advice and in avoiding to make clear the assumptions necessary to arrive at the conclusions upon which that advice was based. It is the lack of transparency that is stunning and deeply corrosive. It is a betrayal of confidence. It is a persistent duping of generations of students who believe that they have learned some solid insights, when, in fact, all they have learned is one side of a many sided argument.

This effort to mask the real agenda of orthodox theory – to undermine the social structures put in place over the past seventy years – and to re-make society in the image of the naive worlds within the models of orthodoxy is appalling. And has been incredibly successful.

The infection has spread across the social sciences. It has infected business schools. It manifests itself in the stock market. In banking. In business media. In think tanks. In large public institutions. In the World Bank and the International Monetary Fund. And in central banks most everywhere.

This hegemony of libertarian economics has been matched by a steady shift within the Republican party to the right. Sop far to the right that it now repudiates its own thinking and is trying to set out a new and wildly radical project to re-create an America long buried underneath the social, technological, and other advances of the past hundred years..."

to read "Libertarian Chaos" by Peter Radford published May 18, 2012, click on

to read "Back to the Future" by Peter Radford published May 3, 2012, click on

to read "The Crisis Explained" and "Our Beautiful New Clothes" translated by Marc Batko, click on

demandside's picture
Jul. 31, 2007 4:01 pm


It has nothing to do with Libertarianism it has all to do with Globalism and fractional-reserve-banking.

The American Dream Film-Full Length

The Money Masters.

antikakistocrat's picture
Apr. 18, 2012 3:41 pm

The repubs have become a mutant party. Libertarian economics and Puritan morality.

May. 8, 2012 12:06 pm

The FED has nothing to do with Libertarian-economics.

This is like saying libertarianism leads to fascism. Fascism comes from antiarchy with unfettered libertarianism.

antikakistocrat's picture
Apr. 18, 2012 3:41 pm

"Such is the nature of the Fractional Reserve Banking System. Banks, using leverage, something only possible with the backing of the state, create all the credit, and therefore, most of the money. Money creation, a basic public function, has been farmed out to private individuals."

is a quote from

pshakkottai's picture
Jul. 11, 2011 11:27 am
Quote antikakistocrat: It has nothing to do with Libertarianism it has all to do with Globalism and fractional-reserve-banking.

I think demandside is referring to the simplistic notion of free trade and less regulation. This is a libertarian principle which is held by the Republicans and conservatives and is currently destroying our economy.

Once again, to prove your statement false, all one has to do is note that fractional reserve banking has been with us since societies developed banks.

And 'Globalism' is simply the freeing of capital controls, financial regulations and the lowering of tarriffs that has come about since around the time of Reagan and Thatcher.

Dr. Econ's picture
Dr. Econ
Jul. 31, 2007 4:01 pm

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