Myopia
\mī-ˈō-pē-ə\ — a lack of foresight or discernment; a narrow view of something
The movie 'Blindness' is in theaters this weekend and I've always found it an interesting story, since it was first a novel. I'm not writing this post to debate the socialistic tendencies of the story's narrative or how epidemics would be better handled in a libertarian society. I only wish to address, at this point, the inability of many people to see far into the future. I thought of this as I heard someone talk about a takeover of WaMu, to which they lamented, "no end seems to be in sight," that another company had, essentially, failed.
Only in this time of "crisis" can the adequately educated on the Austrian theory of the business cycle see the end. The rest simply bleat with myopia, a herd of sheep bumping into each other waiting for the sheepherder, the government, to do something that they can see narrowly before their face. The words of the Austrian school of economics must be spread, and people must know that the end is in sight but will only be visible when the government stops blocking the view with bailouts.