2 votes

First The Simpsons, Now ESPN.com: Front-Page-Linked NFL Article Talks About Fed "Funny Money"(negatively), Hayek (positively!)

I know Charlie Sheen burned it out quick, but can we bring back #Winning! for the Austrian school?

The current top story on ESPN's front page is TMQ's take on college-style offenses; however, TMQ is sort of a sports/current-events hybrid type of column. In the middle of this one, the author discusses the idea of the trillion dollar coin; the concept of money; and the Fed... in a negative light! While one may find fault with some of what he wrote, most impressive may be the authority he invokes to support his perspective... None other than F.A. Hayek:

Economists including Friedrich Hayek have contemplated the idea that privately issued money would be more solid than government-issued money, since privately issued money would be cross-checked by market forces, while government is run to please campaign donors. Governments from the Roman emperors of the far past to the liberal Scandinavian democracies of today insist that they alone control the supply of money. One reason is to ensure taxation. At a deeper level, governments know how easily it could all unravel, and money be viewed as worthless.

The whole thing is worth having a look: http://espn.go.com/espn/playbook/story/_/id/8843881/college-...

Last, but definitely not least...

Go Patriots!!!

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

eff the Pats. Go Ravens.

eff the Pats. Go Ravens. Joe Flacco representing University of Delaware.


Go gladiators!

Right... The implication

Right... The implication being, only a fool would be distracted from politics by the spectacle of violent sport.

Because nobody enjoyed sport before it was considered a government-created distraction. And surely, with the ideal government in mind, nobody would ever be so silly again as to enjoy sports like they do today.

Maybe he can host University

Maybe he can host University of Delaware's Super Bowl party. He'll have nothing else to do that day. :-)