Definitions for Politicians

DEFINITIONS TO KNOW

Con-ceit: (kuh n-seet) - noun

1. an excessively favorable opinion of one's own ability
2. vanity or egoism

Fa-tal: (feyt-l) - adjective

1. causing destruction, misfortune, ruin or failure
2. a politician's plans to "help", "fix" or otherwise manage economic concerns
   

"The Fatal Conceit" ...   A phrase /concept created by F. A. Hayek

• Nobel Laureate economist - 1974
• " for his penetrating analysis of the interdependence of economic, social and institutional phenomena"... Nobel Committee
• University of Chicago Professor

THE FATAL CONCEIT

The egotistical and destructive idea that even very smart people can plan and centrally manage an economy better than the free market itself

Examples:

- Communist Party ... Old Soviet Union

- Communist Party ... Pre-capitalist China

- Communist Dictator ... North Korea

... AND...

- Liberal Democrats ... United States

- RINO Republicans ... United States

- Those with ... Hollywood Money 

... SEE ALSO ...

Common political words signaling "The Fatal Conceit":

• bailout
• fair share
• protect
• regulate
• manage
• encourage
• change

When you hear the grand rhetoric of politicians, especially in campaign season...

... REMEMBER ...

Their conceit can be fatal for America!

Byron Smith Blog