When you listen tonight to Obama’s “plan,” recall these words by the great economist Ludwig von Mises, one of the “best minds” beyond the understanding of Obama, Summers, and Geithner:
Whatever people do in the market economy, is the execution of their own plans. In this sense every human action means planning. What those [in government] calling themselves planners advocate is not the substitution of planned action for letting things go. It is the substitution of the planner’s own plan for the plans of his fellow men. The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
–Ludwig von Mises, Planned Chaos, originally published in 1947, available online here.