Bryan Caplan provides some wise thoughts related to the “controversy” a few months back when Vice
President Pence declined to attend dinner with another female without his wife. He reminds us that even in something as
simple as men and women socializing with one another, we can never forget to
consider the seen and the unseen, the cost and the benefit. Read his brief blog to understand.
Capitalism means nice guys (and girls) finish first. Crony capitalism
(read capitalism with government regulation) means nice guys finish last.
“But to me, the evidence is all
around: we ride Uber and Lyft, we subscribe to Netflix, we expect free two-day
deliveries with Amazon Prime, we take pride in being foodies, and we spend
copious amounts of time on Facebook, Twitter, and YouTube. All of these
everyday delights we take for granted are the fruits of the labor of free minds, free
peoples, and free markets.”
Monetarism and Keynesianism are two sides of the same coin
says Stockman. I concur.
“The answer to every economic problem is one
version of statism or another. If monetarism doesn’t succeed in “pump priming”
with credit and inflation “stimulus” then surely the fiscal side will with
“automatic stabilizers” and indiscriminate government expansion. These two
grand economic strategies are often separated as if they are distinct sets of
disparate theory; they are not. They represent two sides of the same coin, both
being different means to accomplish redistribution as economic catalyst and
forward agent.”
“Mises was not primarily anti-socialist. He was pro-capitalist. His opposition to socialism, and
to all forms of government intervention, stemmed from his support for capitalism
and from his underlying love of individual freedom and conviction that the
self-interests of free men are harmonious — indeed, that one man’s gain under
capitalism is not only not another’s loss, but is actually others’ gain. Mises was a consistent champion of the
self-made man, of the intellectual and business pioneer, whose activities are
the source of progress for all mankind and who, he showed, can flourish only
under capitalism.”
I agree, a Nobel Prize for Mises. Required reading of Mises works in all
colleges and universities would greatly benefit the world.
“He deserves to receive every token of
recognition and memorial that our society can bestow. For as much as anyone in
history, he labored to preserve it. If he is widely enough read, his labors may
actually succeed in saving it.”
AV à Indeed, Mark Perry is
correct. The NCAA is nothing but a
cartel provider of athletic talent. It
is not a surprise that when a scarce resource (in this case basketball talent)
is not distributed via the price system, black markets will sprout up. Black markets have always existed and will
always exist in places where complete and total laissez-faire capitalism
absent. Any and all regulation is bad
regulation for this purpose.
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