AS THE ACOLYTES OF TOTALITARIANISM “Once people decided that they wanted to make

http://www.capitalismv3.com/index.php/glossary/#schumpeterian%20intellectualsECONOMISTS AS THE ACOLYTES OF TOTALITARIANISM

“Once people decided that they wanted to make a living from giving economic advice, they needed customers. The government was the obvious target. The new class of professional economists said that politicians could spend the taxpayer’s money willy-nilly, even on total waste. And, that all their remaining economic problems could be solved, without cost or effort, by monetary manipulation, in time for the next election. This proved to be a big seller, and it remains so today.” (- Courtesy of Forbes)

See: Schumpeterian Intellectuals in my Glossary of Political Economy