Would it be a tragedy if Williamson were an anthropology virtuoso who, in dropping out of Duke and taking his talents to the NBA, eschewed a career of path-breaking, world-rocking anthropological scholarship? No.
Because free markets typically give to producers as well as to consumers strong incentives to use their unique bits of knowledge in ways that promote the general welfare, that both the knowledge problem and the incentive problem exist at all levels of government decision-making means that what is warranted is a strong and general presumption against government intervention – or, worded differently, what is warranted is an ideology of freedom.
The bitter truth about most public policies being sold by the political class is that they give them more power to control our lives. If you favor some of these policies, be honest with the rest of us about what you mean, so that we can make more clear-headed judgments about the kind of society we want to live in.
Diversity, inclusion, participatory democracy, pluralism, and peace dictated and determined by ideological tyrants and power-lusting interest groups using political means to achieve their ends through governmental force and collectivist intimidation undermines and then destroys the alternative and far-better world of peaceful persuasion or attractive offers in the voluntary arena of market exchange.
The creation of money doesn’t create wealth, unless money itself is wealth — as it was when it was gold and silver. The sooner we learn this lesson, the sooner we’ll be able to revive real, robust, and sustainable wealth creation.
We can admire the engineering prowess that enabled NASA to land men on the moon and return them safely to earth. But even if politicians (contrary to fact) were apolitical stewards of the public welfare, governing society is not an engineering task. It follows that NASA’s remarkable achievement emphatically does not imply that we should look to government to solve our problems.
China no longer wants your leftover pizza box. Nor your empty 2-liter bottle of Mountain Dew. They are being burned in the US instead.
The governor has acted quickly. The governor has acted decisively. The governor has issued a proclamation that will make matters worse.
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Seismologists can’t predict earthquakes. Economists can predict financial meltdowns? Please.
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.