A very intriguing article on the History News Net blog by Bob Higgs, regarding the age-old concept of using a “crisis” to gain more power in the hands of Government.
Aw, hell, just read the whole thing.
But here’s the conclusion:
For now, however, the important point to recognize is that the sky is not falling. Lenders continue to lend at high rates, and the economy continues to operate reasonably well. If people panic and allow Congress to exploit the hyped-up fears of the moment, however, much worse outcomes may be brought about, not the least of which is another giant leap in the size, scope, and power of the federal government–a direct threat to our economy and our liberties.
Hat tip to: Cafe Hayek.