In Wartime, Rulers Come Alive!
Well, I've decided that I really ought to link to this:
The Political Economy of Fear
by Robert Higgs
One of the better articles I've seen on mises.org in a while, plus it fits in with where my last couple of posts have been headed...
Some choice bits:
Link
The Political Economy of Fear
by Robert Higgs
One of the better articles I've seen on mises.org in a while, plus it fits in with where my last couple of posts have been headed...
Some choice bits:
Large parts of the government and the "private" sector participate in the production and distribution of fear. (Beware: many of the people in the ostensibly private sector are in reality some sort of mercenary living ultimately at taxpayer expense. True government employment is much greater than officially reported [Light 1999; Higgs 2005a] .)
All such reports agree, however, that a crisis looms and that more such studies must be made in preparation for dealing with it. Hence a kind of Say's Law of the political economy of crisis: supply (of government-funded studies) creates its own demand (for government-funded studies).
Even absolute monarchs can get bored. The exercise of great power may become tedious and burdensome—underlings are always disturbing your serenity with questions about details; victims are always appealing for clemency, pardons, or exemptions from your rules. In wartime, however, rulers come alive.



