Startling New Scientific Discovery

How Dinosaurs Were Made Extinct
by Paul A. Cantor on August 26, 2011

Benjamin Franklin and Jonathan Swift were both masters of satire.  Paul A. Cantor rivals their clever insights in the article linked above.  Paul is the Clifton Waller Barrett Professor of English at the University of Virginia. He is the coauthor, with Stephen Cox, of Literature and the Economics of Liberty. See his interview in the Austrian Economics Newsletter.

Paul writes–in part…

…these theories conveniently conjure up various subjects of left-wing paranoia — the grand antithetical fears of global warming and nuclear winter — and they all insidiously suggest remarkable new roles for the federal government, like protecting us from comets and other objects from outer space.

Are even the dinosaurs lining up against the cause of the free market these days? Well I for one, as a student of Austrian economics, have a more plausible explanation: the extinction of the dinosaurs must have been the result of government intervention in the marketplace. Though my speculations have met with some skepticism from the paleontological establishment, I am finally prepared to go public with my findings after a visit to Montana this past summer which allowed me to examine the fossil record firsthand and to reconstruct the true story of the rise and fall of the dinosaurs.

You may be laughing or crying after reading this article depending on your outlook. If you understand basic Austrian economics you may be laughing and crying at the same time.

Keynesian VS Austrian Economics

Keynesian economists of today–perhaps contravening the tenets and intent of Keynes himself–believe that the state should control the economy and manage wealth.  Austrians conversely believe that free enterprise should control the

Jeffrey Reeves MA

Bookmark To: