"The problem with socialism is that eventually you run out of other people's money." —Margaret Thatcher
A friend of mine asked my opinion of the following proposition:
A number of people, scattered across the country, are calling for what is in essence a limited strike - a mini John Galt (a reference to "Atlas Shrugged") effort. They want to get as many people, as possible - perhaps a million, nationwide, to withdraw as much money as they can from their personal and business accounts - IN CASH - on Monday, 14 SEPT, to trigger a short, sharp liquidity crisis for the purpose of urging Congress and the Administration to do three things: (1) Audit the Fed, (2) withdraw the cap-and-trade legislation and related regulation of carbon dioxide as a pollutant, and (3) withdraw the current "health-care reform" legislation and replace it with a free-market version such as that proposed by Whole Foods CEO John Mackey in the Wall St. Journal a few days ago.
My friend asks: What do you think? Will this have any impact? What will the powers-that-be do in response? Is this a good follow-up to Tea Parties and townhall meetings?
I'll answer in the first comment on this post.