. . . not that government in the US has been small in the past 150 years, but the Wall Street Journal’s columnist David Wessel announced (subscription required) in his September 8 column that the days of small-government rhetoric are over, too, and the reasons he cites (9/11 and Katrina) are indeed working much as he represents, and many Austrians fear.
Ironically, the name of his column is Capital. In the gloomy future that seems to face America and much of the rest of the world, we will no doubt have to understand that term as referring to something pretty much produced by the government, and certainly owned by it, at least in effect.
