DIGG THIS A source of tremendous frustration amid the financial carnage has been watching the mainstream media exemplified by Jacob Weisberg — author of The Libertarians’ Lament in The Big Idea section of the October 27, 2008 issue of Newsweek magazine — accuse libertarians of failing to understand the financial crisis resulted from too little government intervention not too much. Weisberg either knows little if anything about Austrian economic theory or is a naked statist or fails to realize the American economy operates on the British economic philosophy of mercantilism, which for Weisberg’s sake I will explain. From the 16th … Continue reading The Attack on Libertarianism