Bachmann

Michelle Bachmann for President:

The Wall Street Journal believes she is running, and so do I; for some time her fundraising emails have clearly intimated the intention to run. Sarah Palin has been running an obvious stalking horse "campaign" for some time, which means that she's been trying to draw fire from someone else: I suspect that Bachmann is that someone else. The recent sniping between a Bachmann advisor and Ms. Palin's camp is the sort of thing we'd expect to see with a stalking horse; the point of the action is to strategically communicate distance -- and suggest disagreement -- with the dark horse your stalking horse is protecting.

The importance of this approach to Rep. Bachmann's chances is the extraordinary success that opponents had in defining Sarah Palin. Rep. Bachmann will need nothing more than to avoid falling prey to the same systems of thought and rhetoric that were used to destroy Ms. Palin's chances. Today's interview with the WSJ shows her taking on the expected thrust directly.

Ms. Bachmann is best known for her conservative activism on issues like abortion, but what I want to talk about today is economics. When I ask who she reads on the subject, she responds that she admires the late Milton Friedman as well as Thomas Sowell and Walter Williams. "I'm also an Art Laffer fiend—we're very close," she adds. "And [Ludwig] von Mises. I love von Mises," getting excited and rattling off some of his classics like "Human Action" and "Bureaucracy." "When I go on vacation and I lay on the beach, I bring von Mises."

...

Her political opponents on the left portray her as a "she-devil," in her words, a caricature at odds with her life accomplishments. She's a mother of five, and she and her husband helped raise 23 teenage foster children in their home, as many as four at a time. They succeeded in getting all 23 through high school and later founded a charter school.

If you wanted to caricature the portrayal of Ms. Palin that was so effective in the media, you might say that it was 'three parts dumb to one part evil.' Rep. Bachmann, expecting to be portrayed as Sarah Palin II, is thus asserting an intellectual streak combined with a biography that is strongly pro-family and filled with acts of charity.

What to make of her choice of von Mises? My own favorite economist is Schumpeter, but von Mises will surely be reassuring to many of you. Here's the summation of "Bureaucracy":

[I]t would be a fateful error for the citizens to leave concern with economic studies to the professionals as their exclusive domain. As the main issues of present-day politics are essentially economic, such a resignation would amount to a complete abdication of the citizens for the benefit of the professionals. If the voters or the members of a parliament are faced with the problems raised by a bill concerning the prevention of cattle diseases or the construction of an office building, they may leave the discussion of the details to the experts. Such veterinarian and engineering problems do not interfere with the fundamentals of social and political life. They are important but not primary and vital. But if not only the masses but even the greater part of their elected representatives declare: “These monetary problems can only be comprehended by specialists; we do not have the inclination to study them; in this matter we must trust the experts,” they are virtually renouncing their sovereignty to the professionals. It does not matter whether or not they formally delegate their powers to legislate or not. At any rate the specialists outstrip them. The bureaucrats carry on.

The plain citizens are mistaken in complaining that the bureaucrats have arrogated powers; they themselves and their mandatories have abandoned their sovereignty. Their ignorance of fundamental problems of economics has made the professional specialists supreme. All technical and juridical details of legislation can and must be left to the experts. But democracy becomes impracticable if the eminent citizens, the intellectual leaders of the community, are not in a position to form their own opinion on the basic social, economic, and political principles of policies. If the citizens are under the intellectual hegemony of the bureaucratic professionals, society breaks up into two castes: the ruling professionals, the Brahmins, and the gullible citizenry. Then despotism emerges, whatever the wording of constitutions and laws may be.

Several of you could have written that (and, indeed, have written in my comments section minor variations of it at least several dozen times).

I haven't seen anything from the candidacy so far that I felt the least inclined to support; but I think that I shall back Rep. Bachmann in her run. I have disagreements with her on foreign policy (for example, I supported, and still do support, the Libya adventure). We have come far enough down the road that foreign policy is no longer the chief concern.