โข
Anti-discrimination law interrupts important information flows that enable buyers to make rational decisions, supporting values of which they approve and denying funds to people with values of which they disapprove. These laws thereby interrupt the feedback mechanism that makes market democracy work. It also takes away the incentive for people to adapt their own value…
We rely on competitive markets to supply us with โcorrectโ quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the โcorrectโ quantity of money?
โข
Find any biological trait, posit it as a collective interest, set that trait against all other traits, and then struggle for power and privilege; your outlook comes to be characterized by loathing and resentment against the collective guilt of everyone but yourself.
โข
When government regulates and legislates, it is not causing some imagined form of social uplift for the masses toiling under the terrible demands of freedom. It is instead making more criminals out of people who just want to live a better life.
โข
This shutdown is not showing us what freedom looks and feels like. It is not a libertarian experiment. It is showing us just how much government is doing that it need not do.
โข
Instead of striving for a theoretical ideal of perfection, markets are supercomputers of epic proportions, leveraging the information and motivation of every individual to make sure the right resources get to the right places at the right time.
Plenty of terrible things happened this year but some great things too!
โข
Gas can regulations began in 2000, with the idea of preventing spillage. The notion began in California, spread, and was picked up by the EPA, which is always looking for new and innovative ways to mandate as much human misery as possible.
Professor Stiglitz is confident that humanity can be made better; just collect the data, organize and catalog it, and reduce all to a series of statistical indices, and heaven will be a little closer on earth once the right policies are implemented.
โข
The rest of us are caught between two brands of ideological fanaticism that begin in a bad idea, deploy government power to realize the goal, and end as a grave threat to liberty and property.
โข
Anti-discrimination law interrupts important information flows that enable buyers to make rational decisions, supporting values of which they approve and denying funds to people with values of which they disapprove. These laws thereby interrupt the feedback mechanism that makes market democracy work. It also takes away the incentive for people to adapt their own value…
We rely on competitive markets to supply us with โcorrectโ quantities of goods and services ranging in importance from chewing gum to industrial chemicals, and from pedicures to petroleum. So why do we not rely on competitive markets to supply us with the โcorrectโ quantity of money?
โข
Find any biological trait, posit it as a collective interest, set that trait against all other traits, and then struggle for power and privilege; your outlook comes to be characterized by loathing and resentment against the collective guilt of everyone but yourself.
โข
When government regulates and legislates, it is not causing some imagined form of social uplift for the masses toiling under the terrible demands of freedom. It is instead making more criminals out of people who just want to live a better life.
โข
This shutdown is not showing us what freedom looks and feels like. It is not a libertarian experiment. It is showing us just how much government is doing that it need not do.
โข
Instead of striving for a theoretical ideal of perfection, markets are supercomputers of epic proportions, leveraging the information and motivation of every individual to make sure the right resources get to the right places at the right time.
Plenty of terrible things happened this year but some great things too!
โข
Gas can regulations began in 2000, with the idea of preventing spillage. The notion began in California, spread, and was picked up by the EPA, which is always looking for new and innovative ways to mandate as much human misery as possible.
Professor Stiglitz is confident that humanity can be made better; just collect the data, organize and catalog it, and reduce all to a series of statistical indices, and heaven will be a little closer on earth once the right policies are implemented.
โข
The rest of us are caught between two brands of ideological fanaticism that begin in a bad idea, deploy government power to realize the goal, and end as a grave threat to liberty and property.
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