...The One-Minute Pundit
Thursday, January 20, 2011
Con-SER-va-tives are now safely back to being con-SER-va-tives, as witness this quote from one of EM's gang from AL GREENSPAN'S MENTOR:
" [SIC] In a much quoted passage in his inaugural address, President Kennedy said, "Ask not what your country can do for you - ask what you can do for your country." Neither half of the statement expresses a relation between the citizen and his government that is worthy of the ideals of free men in a free society. The paternalistic "what your country can do for you" implies that government is the patron, the citizen the ward, a view that is at odds with the free man's belief in his own responsibility for his own destiny. The organismic, "what you can do for your 'country" implies the government is the master or the deity, the citizen, the servant or the votary.
TRANSLATION: Ask not what your country can do for you -- unless you're a CEO.
Bernanke is following a monetarist depression-prevention model laid out by Nobel laureate and libertarian patron saint Milton Friedman. The Fed chairman has invoked the late economist in support of lowering interest rates to zero and bailing out banks. Trillions of dollars have been staked on the insights of “monetarism,” the economic theory of central banking and inflation-management associated with Friedman and Anna Schwartz. Though Schwartz now distances herself from Bernanke, opposing his reappointment on the grounds that he’s gone too far, the irony remains that a series of Fed policies many libertarians find repugnant are being championed by a man claiming to take his chief inspiration from the most influential libertarian economist of the 20th century.
Seeing how this is REASON!!!!!.com -- NUF SAID.
P. S. at 10:20 a. m.
Do yourself a favor today and set aside a few minutes to read one of the most beautifully crafted speeches in American history.
Obviously not every conservative is an uncritical fan of Uncle Milty.