Posted tagged ‘intellectual elite’

Is The President Our Boss? No. Each Individual Is His Own Boss.

February 12, 2013

INDIVIDUAL FREEDOM

The battle for individual freedom is summed up in these statements by Chris Rock. Will we allow ourselves to be ruled by an “intellectual elite” , and socialize all of the costs. Or will we allow each individual to rule himself,  with each person being responsible for his actions .  You either believe that top down decision-making by “the intelligent few” creates the best possible order for society, or you believe that each individual cooperating and competing with each other in the market, creates an order that utilizes scarce resources and knowledge more effectively.  This is what the history of the world is all about.

THE CONSTITUTION PROTECTS THE INDIVIDUAL FROM THE GOVERNMENT

The American Revolution set a different course in human history, a course that had never been tried before. It was fought for the idea that the individual was sovereign and had the right to rule himself. The constitution protected him from the concentrated power of Government run by a tyrannical “intellectual elite” from interfering in his decisions. The constitution doesn’t protect the Government from the people, it was set up to protect the individual from the Government. It is very difficult (more…)

Geithner: “I Never Had A Real Job”. Another Example Of Intellectual Inbreeding.

January 28, 2013

In my previous post Federal Reserve Policy Makers Have An Incestuous Intellectual Relationship With Each Other, we talked about how our political aristocracy and the intellectual elite have no knowledge outside of their vision of the world, a vision which was inbreed into them by their education, their job, and the people with whom they associate. This video, from economicpolicyjournal.com, is an example.

SELF PROCLAIMED INTELLIGENCE

The interesting part of this video is Geithner’s inability to realize his narrow experience is a bad thing. Going from grad school directly to the Treasury, then spending the rest of your professional life in a policy job, isn’t a recipe for developing a wide base of knowledge on which to make policy decisions. The policies they come up with won’t work anywhere outside of the sterile intellectual laboratory that exists only in the minds (more…)