THE WILD WEST AND CAVEAT EMPTOR (LET THE BUYER BEWARE, BECAUSE NOT ALL CAPITALIST ARE HONEST): LIBERTARIAN CAPITALISM

The End of Libertarianism and Other Adventures in Financial Policy Fantasy
Don't blame free markets for the current panic
Jeffrey A. Miron | October 21, 2008
reason.com

Reason.com is Libertarian. Jeffrey A. Miron, according to the linked article, "is a senior lecturer in economics at Harvard University." He argues the standard Libertarian Capitalists' party line. Don't blame cronyism or statism on laissez-faire capitalism.

I'm not. I know exactly the picture Miron is attempting to paint. I don't like his picture. I don't like how things are, but I don't want to live in his Heaven. It isn't good enough. It falls woefully short even if it would be better than what we have now.

Pre-Hamiltonian American economics was better, all other things being equal. I believe that. That doesn't mean that that pre-Hamiltonian economic system was the best, not even close.

If we're going to change, let's go for the best. Why should we aim lower? There's no point in it.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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