Democracy = Mob Rule By the Ignorant

by | Mar 5, 2021

It is no crime to be ignorant of economics, which is, aft er all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.

Murray N. Rothbard 
Egalitarianism as a Revolt Against Nature, p. 202

 

…Hayek had to fall back on the importance of blindly obeying whatever social rules happened to have “evolved,” and his only feeble argument against intervention was that the government was even more irrational, and was even more ignorant, than individuals in the market economy.

Murray N. Rothbard 

Making Economic Sense, p. 450

***Show notes: https://libertyweekly.net/voting-the-opiate-of-the-masses-ep-132


LBRY: https://lbry.tv/@KeithKnightDontTreadOnAnyone:b/Voting_-the-Opiate-of-the-Masses-Ep.-132:5

Minds: https://www.minds.com/newsfeed/1171718308724895744?referrer=KeithKnightDontTreadOnAnyone

BitChute: https://www.bitchute.com/video/yuDsSLFQ7abs/

Archive: https://archive.org/details/democracy-rule-by-the-ignorant-liberty-weekly

Keith Knight

Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.

View all posts

Our Books

Recent Articles

Recent

How Politicians Secretly Wreck Economies

How Politicians Secretly Wreck Economies

https://youtu.be/BvdZ3HkrI1U Expert failure is especially likely where experts hold monopoly power and where they are insulated from the consequences of their predictions and actions. This is due to the lack of contestation over ideas and their interpretation, as well...

read more

Pin It on Pinterest

Share This