Friday, October 08, 2010

The New York Times and the rule of the invisible hand

From the people who dare suggest to us that they are our intellectual and moral superiors:

Movement of the Moment Looks to Long-Ago Texts

Kate Zernike, in a generally snide look at the tea party movement, drops this gem (emphasis mine):
"Representative Paul D. Ryan, Republican of Wisconsin, alluded to “The Road to Serfdom” in introducing his economic “Roadmap for America’s Future,” which many other Republicans have embraced. Ron Johnson, who entered politics through a Tea Party meeting and is now the Republican nominee for Senate in Wisconsin, asserted that the $20 billion escrow fund that the Obama administration forced BP to set up to pay damages from the Gulf of Mexico oil spill circumvented “the rule of law,” Hayek’s term for the unwritten code that prohibits the government from interfering with the pursuit of “personal ends and desires.” "
Right, the 'rule of law' is not written anywhere. This explains decades of SCOTUS decisions. It tells us why the Chrysler bondholders were told to pound sand and it clearly justifies making everyone buy a health insurance policy whether they want to or not.

Of course, it is not merely Ms Zernike, but the editors of the fish wrap in which she is published who can't define the rule of law and who cannot distinguish between dead white males like Adam Smith and Friedrich Hayek.

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