“This used to be a hell of a good country, I can’t understand what’s gone wrong with it.” said George Hanson in the movie “Easy Rider.” My old friend Joe Sobran (1946-2010) loved that line and quoted it often. Sobran, who worked alongside William Buckley at National Review during its heyday, was one of the smartest people I’ve ever known. After a lifetime of thinking about politics, he eventually decided that there was only one way out of our troubles: the whole of the government has to go.
We live in a world dominated by Keynesian economics. Since 1936 when John Maynard Keynes wrote his famous book, The General Theory of Employment, Interest and Money, most of our universities here in the United States, from Harvard to the smallest community college, have become vested in this way of thinking. Consequently, our nation’s government now fully endorses and mandates this way of governing our monetary system.