Much of our thinking about political economy harkens back to the odious "New Deal," a Frankenstein monster of federal interventionism which even its early acolytes by 1939 were saying was an utter failure.  Government statistics began to replace sensible thinking and theories supplanted reality.  High on the list of treasured statistics was low unemployment.  Mountain of dollars, typically money magically invented by reckless fiscal and monetary policies, waged relentless war against high unemployment.  Getting people "back to work" was a mantra which the Left was able to get conservatives to buy into as well. When our nation was founded, when the Civil War ended, even at the beginning of the twentieth century, this macabre fetish regarding "low unemployment" would have been inexplicable to most common folk.  In fact, the less work that we had to do, the better. Most people worked on farms that they owned, and the work...(Read Full Article)