The “Bootleggers and Baptists” of the Coronavirus Crisis

World War I as Fulfillment: Power and the Intellectuals

 

Bootleggers and Baptists

In ‘Coronacrisis and Leviathan,’ Austrian school economist Peter Klein recently referred to Robert Higgs’s seminal book Crisis and Leviathan, reminding us that:

The expanded role taken on by the state during [a crisis] remain[s] largely in place once the crisis passe[s], leading to a “ratchet effect.”

“Although it doesn’t explain everything, it’s always a good idea to ask “who benefits” whenever governments step in to “solve” a crisis.”

Bootleggers, you will remember, support Sunday closing laws that shut down all the local bars and liquor stores. Baptists support the same laws and lobby vigorously for them. Both parties gain, while the regulators are content because the law is easy to administer….Politicians need resources in order to get elected. Selected members of the public can gain resources through the political process, and highly organized groups can do that quite handily. The most successful ventures of this sort occur where there is an overarching public concern to be addressed (like the problem of alcohol) whose “solution” allows resources to be distributed from the public purse to particular groups or from one group to another (as from bartenders to bootleggers). (1983)”

https://mises.org/wire/bootleggers-and-baptists-coronavirus-crisis

SEE:

Book: Crisis and Leviathan

 

Book: The End of Freedom: How Our Monetary System Enslaves Us

 

Inflation and debt destroy culture and are abominations to God

 

Review by Richard Duke on the Mises Institute website of the book: The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton

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The Coming Financial Crash–Pastor Chuck Baldwin

 

Jesus and Paul talked much about money! Who turned over the money changers in the temple (His Father’s temple)?

New Testament contains 215 verses pertaining to faith; 218 pertaining to salvation; and 2,084 dealing with money matters

 

 

Money answers all things–Ecclesiastes

 

Nehemiah: The king and his nobles (cronies) extracting from the people through debased silver

 

Currency Debasement and Social Collapse-Mises

 

Nehemiah: The king and his nobles (cronies) extracting from the people through debased silver

 

They are waxen fat, they shine: yea, they overpass the deeds of the wicked: they judge not the cause, the cause of the fatherless, yet they prosper; and the right of the needy do they not judge. Jeremiah 5

 

Debt Slaves–to the master–the government–funded by the Fed (debt) and taxes

 

Worthless Watchmen preached by Pastor Dr. Chuck Baldwin

 

Inflation: Its Cultural and Political Consequences–Interview of Guido Hülsmann–Tom Woods Show

 

Book: The Ethics of Money Production

 

The Ethics of Money Production–Video

 

Part of interview of Guido Hülsmann on “Cultural and Spiritual Legacy of Fiat Inflation”

 

Money answers all things–Ecclesiastes

 

How Fiat Money Destroys Culture

 

New Testament contains 215 verses pertaining to faith; 218 pertaining to salvation; and 2,084 dealing with money matters

 

Jesus and Paul talked much about money! Who turned over the money changers in the temple (His Father’s temple)?

 

Book: Money, Morality & the Machine: Smith’s Law in an Unethical, Over-Governed Age

 

Book: Worshipping the State: How Liberalism Became Our State Religion

 

Worshipping the State: How Liberalism Became Our State Religion—Video Presentation by the Author

 

Second re-posting: New Testament contains 215 verses pertaining to faith; 218 pertaining to salvation; and 2,084 dealing with money matters

 

Monetary inflation depends on who gets the money first and who gets it last

 

Micah 6: wicked balances and bag of deceitful weights

 

Debasement and Crony Capitalism; Nothing is New Under the Sun

 

THE ETHICS OF CAPITALISM–Jesús Huerta de Soto

 

Mises explains inflation so that one can understand why debasing currency (unequal weights and measures) IS AN ABOMINATION TO GOD