THE DAILY BELL IS A MUST-READ
Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.
Author, Editor of Silver-Investor.com
A VIRTUAL WHO'S WHO
The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.
Dr. Hans Herman-Hoppe
Author, Economist and Libertarian Philosopher
THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS
I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.
Bestselling Author and Founder of Casey Research Group
The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.
Dr. Tibor Machan
Author and Philosopher
INSIGHT YOU CANNOT IGNORE
The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.
Dr. Edwin Vieira
Author and Constitutional Expert
The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.
Chairman and Chief Executive Officer, Euro Pacific Capital
PREMIER FREE-MARKET ANALYSIS
The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.
Dr. Richard Ebeling
Author, Professor of Economics at Northwood University
The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.
Frank R. Suess
Chairman & CEO of BFI Capital Group Inc.
The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.
Dr. Grant Havers
Chair, Department of Philosophy, Trinity Western University
Get outside the box with The Daily Bell and experience independent views.
Paul Craig Roberts
Author, Former Assistant Secretary of the Treasury in the Reagan Administration
Sit down to read from The Daily Bell and experience a jolt of intellectual energy.
Dr. Nathaniel Brand
Psychotherapist, Bestselling Author
INFORMATIVE SOURCE OF INFORMATION
The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.
Executive Director of Students for Liberty
I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.
Dr. Mark Skousen
Author & Founder of FreedomFest
A LEADING LIGHT
The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.
Catherine Austin Fitts
Former Assistant Secretary of Housing and Federal Housing Commissioner
OUT OF THE DARK
The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.
The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.
Dr. Joel Wade
Author, Psychotherapist and Life Coach
The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.
Founder of DollarVigilante.com
SOURCES YOU CAN TRUST
The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.
G. Edward Griffin
Author, Founder of Freedom Force International
TRUTH AT WORK
There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.
Author, Director of Americans for a Free Republic
SEPARATES WHEAT FROM CHAFF
The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.
Dr. Antal Fekete
Author, Educator and Monetary Scientist
Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.
Chairman and Chief Executive Officer of Forbes Media
I read The Daily Bell every day and I find it very informative.
Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report
CUTTING EDGE ANALYSIS
At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.
Bestselling Author, Founder of the Trends Research Institute
AHEAD OF THE CURVE
The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.
Chairman of Gold Anti-Trust Action Committee
For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.
Michael A. Cremo
Author, Vedic Archeologist
GUTS, OBJECTIVITY, WISDOM
Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.
Telly Award-winning Filmmaker
ONE OF MY FAVORITE SITES
The Daily Bell is one of five sites that I review every day because I find there a clear, common-sense interpretation of everyday events.
Mexican Billionaire, Founder of Grupo Elektra
MESSAGES OF TRUTH
The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.
Award-winning Author, Vedic Philosopher
GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE
The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!
Author, Executive Editor of Laissez Faire Books
NEVER MISS AN ISSUE
I love the Daily Bell. Every issue is principled and informative.
Founder of the Mises Institute
VOICE OF REASON
I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times
Dr. Thomas Woods Jr.
NY Times Bestselling Author & Senior Fellow, Mises Institute
PROFOUND AND PROVOCATIVE
Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.
Author, Small Business Owner
PART OF MY DAILY NEWS DIET
I read it every day!
Bestselling Author, Co-founder of the Quantum Fund
READ IT EVERYDAY
A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel this global misinformation campaign. Read The Daily Bell – every day!
FOX Business Analyst
GREAT INVESTMENT INFORMATION
I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.
Founder of Global Resource Investments Inc.
GREAT JOB, DAILY BELL
I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.
Richard J. Maybury
Author, Editor of U.S. & World Early Warning Report
The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.
Former Secretary of the Conservative Defense and Finance Committees, UK Parliament
I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.
Lord William Rees-Mogg
Author, Former Deputy Editor, Financial Times
I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.
Bestselling Author, Founder of Agora Publishing
A MUST-READ FOR EVERYONE
The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.
Dr. Thomas DiLorenzo
Professor of Economics, Loyola University Maryland
There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.
Author & Monetary Analyst
A Note on Socialism as Elitism
January 03, 2013
Editorial By Tibor Machan
Since ancient times some people have considered the market place an unruly forum in which to determine whose work and what commodities are worth how much. With Marxism this view acquired a pseudo-scientific status. The complaint that when free individuals and groups exchange goods and services some will get more for their contributions than they deserve reaches the level of a total ideology.
Before this complaint and its ideological expression are dismissed, it is important to understand their appeal. It isn't very difficult to empathize with the complaint when we restrict it to individual instances. Most people have experienced a feeling of dismay with what certain producers in the market receive for their work. The pop music groups make millions of dollars for grinding out a few pleasant but clearly not phenomenal songs. A boxer gets millions of dollars for going eight or so rounds before knocking out his opponent. A television commentator collects some $200,000 a year for uttering two minutes worth of banalities twice or three times a week for about half the season. A New York Times columnist makes a bundle from writing flawed economic commentaries! Surely these folks are not worth all that money – or so the thought occurs to some of us. Especially when others, who make far more worthy contributions, receive far more modest remunerations for their efforts.
These sorts of considerations are natural, even if not fully justified in the total context. We cannot deny that monetarily speaking the worth of many a product and producer is in some sense over or under estimated. Out of this impression, natural enough in individual instances, grows a very dangerous ideological perspective. But one must appreciate that some of the individual instances make sense.
Now really − what foolishness prompts people to pay that kind of money for such frivolous results or charge so little for the same? And it is not unreasonable, now and then, to question the wisdom of various people when they do shell out enormous sums of money for goods or services while other, quite objectively more worthwhile products (even to them individually) could have been purchased for a more sensible price and some sell something quite worthwhile for but a nominal price.
From these impressions the jump is made, by Marxists and other statists, that something must be done to stop such alleged miscalculations. And then, very quickly, the suggestion is made that if only some wise folks could make sure that the objective value of work and products is identified, matters could be remedied in a jiffy.
Since, however, persuasion does not guarantee results − people can ignore the advice of the wisest of men − the appeal to coercion is readily welcome. The conclusion to this effect is highly questionable − indeed, an out and out non-sequitor − admittedly. But as with all questionable hypotheses, the ground from which they stem is usually firm enough. Otherwise generally sensible human beings would never pick up on the broader theory advanced. It helps to recall this when we want to understand why so many people are sympathetic toward socialist/egalitarian political measures and doctrine.
Yet understanding the ground for the sympathy does not lead a rational person to accepting the broader inferences drawn. There is one particularly odious implication that follows from what is inferred from these understandable impressions. Others may be found as well, but this one will pinpoint a clear-cut inconsistency in the broader picture advanced by socialists.
The complaint begins by noting that free people tend at times to overrate the work and products of their fellows. True enough, they do. (There are advocates of the free market who would deny this on grounds that no objective values exist. But this is self-defeating, since they also hold that the free market is of objective value to us.) The suggestion advanced in turn is that we should have a central governing body of people who will make certain that such mistakes do not happen − even if it takes the use of firing squads to accomplish this noble result. Yet if the premise is true—that people make mistakes by over and underrating others' work and products − then the conclusion cannot follow − that people will make certain that such mistakes do not happen. This is because what people will do is tied to what they can do. The body of select people is no less a body of people than the body of people that makes up the free market place!
Here is where the odious implications of the broader picture emerge. We are asked to believe that some people are inherently different from the rest of us. We are told that the select group − the leaders of socialist/egalitarian governments via their schemes of distribution and equalization − is immune from the errors of the rest of us. That the likes of Ralph Nader, Chuck Schumer, Joe Biden, et al., are really inherently better and wiser folk than are we all is what the citizenry is supposed to accept!
The conclusion is interesting. Because starting from a desire for equality − fair pricing, lessening the frequency of over- and underestimation of work, etc. − we are led to the establishment of public policies that grant some people the legalized position of institutionalizing their (elitist) errors. It is this conclusion that is never justified. It is the view that this select group of individuals can and will do better than free people in voluntary association at determining what is good or bad within the realm of production and exchange.
The simple fact is − known since the time of Thomas Aquinas − that we are best off taking the risk with the free market. The "utopian vision" of perfect judgments needs to be abandoned. We should all try to implement the best judgments we can make, at least within our own market activities, and maybe even in cases where our help is asked for or freely accepted.
It is futile to argue that market decisions could not be better than they are. But it is far sillier to hold that institutionalizing the will of some of us can produce a guaranteed utopia. In that path lies disaster − and we are now tasting its beginnings in our own land.