Letter: Columnist in error

April 3, 2014 

Mark Mansperger (In Focus, March 30) commits many errors, among them what Nobel economist Friedrich Hayek called "The Fatal Conceit": the hubristic notion that elite rulers can direct trillions of economic decisions, daily, and thereby improve everyone's lives, replacing (allegedly) inferior outcomes produced under economic liberty.

Mansperger seeks a continuation of the Fascist system America has suffered under since government imposed comprehensive regulation during the First World War. This continued during the Great Depression and World War II under FDR (who admired Mussolini's fascism in Italy) and to the present day. (David Stockman, The Great Deformation.)

"Fascism is a system of government that cartelizes the private sector, centrally plans the economy to subsidize producers, exalts the police state as the source of order, denies fundamental rights and liberties to individuals, and makes the executive state the unlimited master of society" (Llewellyn Rockwell, Fascism vs. Capitalism).

Free market capitalism has not existed for 100 years and cannot be blamed for the defects of fascism. Mansperger seeks a "return to Keynesian economics," failing to realize that Keynesianism has dominated government policy since the 1930s. Better would be a return to "classical liberalism," represented by the "Austrian school" economists such as Ludwig von Mises and Murray Rothbard.


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