Re:The End of Libertarianism: The financial collapse proves ...
by elidourado on Sunday October 19, 2008 @12:18AM
(#336889)
No, I don't think so. I am an economist; I understand the issue. I'm saying that if you start with a government intervention, there's not anything unlibertarian about advocating a further intervention to make things less bad, provided that you oppose the initial intervention.
For instance, libertarians oppose government-created monopolies. But given a government-created monopoly, it's not unlibertarian to support regulating it. The optimal libertarian policy is obviously abolishing said monopoly. The second-best one is regulating it. The third-best is letting it abuse its power.
Re:The End of Libertarianism: The financial collapse proves ...
by netcan on Sunday October 19, 2008 @12:41AM
(#336902)
I wasn't implying tat you don't understand the issue. Just that I think the article is implying something more shallow then what you seem to have responded to.
For instance, libertarians oppose government-created monopolies. But given a government-created monopoly, it's not unlibertarian to support regulating it. The optimal libertarian policy is obviously abolishing said monopoly. The second-best one is regulating it. The third-best is letting it abuse its power.