Libertarianism Is Crony Capitalism’s Nightmare – Chriss Street, Big Government
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Libertarianism Is Crony Capitalism’s Nightmare
One response to “Libertarianism Is Crony Capitalism’s Nightmare”
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In economic policy – quite so!
The biggest source of corporate welfare is the increase in the money supply – clue a ten percent increase in the money supply does not mean we all wake up with ten percent more money in our pockets the next day. The whole point of the exercise is that some people (banks and other connected enterprises and individuals) get the money (and buy real assets with it) long before most people get to see it. A boom/bust event does not leave everything as it was to start with – as Richard Cantillon pointed out in the mid 1700s, some people are better off because of the incease in the money supply (connected people – like HIMSELF) and other people (the ordinary public) are worse off than they otherwise would have been.
Ron Paul opposes the whole Federal Reserve scam – which puts him in the tradition of Andrew Van Buren and others.
As for the general freedom point – even in the late 19th century in many States it was still allowed for any person to offer medical or legal services without any having any license or special qualification.
“But that means hopeless people were allowed to practice law and medicine” – plenty of hopeless people had (and have) lots of paper qualifications. And nothing stopped people choosing those who had such qualifications in the 19th century.
By the way – whatever his other faults, no one ever accused Lincoln of being a bad lawyer for his clients, and Lincoln did not have a day’s legal education. He (like so many others) just read some law books and offered his services.
This is called “freedom” – and the modern world is so far away from it that we can barely understand it.
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