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News Link • General Opinion

Apocalypse Now – Or Apocalypse Later

•, by Justin Raimondo

I've been a libertarian since I was a teenager, and so I'm quite used to the idea of the apocalypse – the crash that's always imminent, the final implosion of the Federal Reserve and the fiat money system – the final revenge of the business cycle that is always upon us. I grew up reading that whole genre of what you might call libertarian survivalist books sprang up in the 1960s. A typical title: How You Can Profit From the Coming Monetary Meltdown!

Combining the key insights of Austrian economics, and the plot line of Atlas Shrugged, these prophets of doom are certain of the dark future that's about to befall us: Atlas is shrugging, the system is set to failure, and the collapse could come any day – any minute!

I started reading this stuff in the 1960s, and as a typically dissatisfied rebellious teenager of the time, the idea of an imminent collapse of the System had a certain appeal. Indeed, I looked forward to the Day of Doom the way other kids looked forward to the prom, or the first day of summer. Because on the Day After we'd start building a new world, a free world, where money was gold, not paper, government was minimal, and Washington DC was just another city and not a very important one at that.

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