Tuesday, February 09, 2010

 
 
 

 
 
 
 
 
Advertisement
The must read libertarian quote of the month... maybe the year
Advertisement
Thursday, August 20, 2009
Text Size: increase text size decrease text size

From Doug Casey in The Casey Report:

I've often quoted and commented on H.L. Mencken here over the years. In my view, the man is a hero and a genius. But I've never referenced Murray Rothbard, who's certainly in the same class.

His words below, where he's speaking about Mencken, resonated with me as I contemplated whether to go to New Orleans this year for a debate with Howard Dean and Karl Rove (more on that event here).  It may resonate with you as well:

Any man who is an individualist and a libertarian in this day and age has a difficult row to hoe. He finds himself in a world marked, if not dominated, by folly, fraud, and tyranny. He has, if he is a reflecting man, three possible courses of action open to him:

(1) he may retire from the social and political world into his private occupation: in the case of Mencken's early partner, George Jean Nathan, he can retire into a world of purely esthetic contemplation;

(2) he can set about to try to change the world for the better, or at least to formulate and propagate his views with such an ultimate hope in mind; or,

(3) he can stay in the world, enjoying himself immensely at this spectacle of folly.

To take this third route requires a special type of personality with a special type of judgment about the world. He must, on the one hand, be an individualist with a serene and unquenchable sense of self-confidence; he must be supremely "inner-directed" with no inner shame or quaking at going against the judgment of the herd

He must, secondly, have a supreme zest for enjoying life and the spectacle it affords; he must be an individualist who cares deeply about liberty and individual excellence, but who can – from that same dedication to truth and liberty – enjoy and lampoon a society that has turned its back on the best that it can achieve.

And he must, thirdly, be deeply pessimistic about any possibility of changing and reforming the ideas and actions of the vast majority of his fellow-men. He must believe that boobus Americanus is doomed to be boobus Americanus forevermore.

Put these qualities together, and we are a long way toward explaining the route taken by Henry Louis Mencken.

From: Murray N. Rothbard, H. L. Mencken: The Joyous Libertarian, The New Individualist Review, vol. 2, no. 2, Summer 1962, pp. 15–27.

Crux Note:  Get more of Doug's unique insight on the markets, politics, society - you name it - by signing up for Conversations With Casey. Click here to learn more about this FREE service.

More from Doug Casey:

Doug Casey BLASTS Warren Buffett

Doug Casey on a huge potential financial disaster

Doug Casey debunks fallacy that FDR cured the Great Depression...

Topics: Doug Casey | Cruxallaneous
RSS Feed

 
©2010 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.