overview

Advanced

'Wealth of Nations and the Wizards of Oz'

Posted by ProjectC 
'..the curtain behind which these wizards used to stand is very transparent.'

<blockquote>'I recently learned that The Wizard of Oz was written as a satiric commentary on the financial crisis of 1893. I am not sure if Frank L. Baum did mean to write his book for that reason. However, the idea that there are people who believe they can lever the machinery of markets has not disappeared. Today, the curtain behind which these wizards used to stand is very transparent.'

- E. F. Vidocq, Wealth of Nations and the Wizards of Oz, August 16, 2012</blockquote>


Context

<blockquote>(Electric Universe) - '..History speaks only to those people who know how to interpret it on the ground of correct theories.' - Mises

'..a private law society..' versus '..a “great band of robbers,”..'

'The participation in the shared currency must be permanently earned.’ - Otmar Issing</blockquote>