Wednesday, October 28, 2020
Tuesday, October 27, 2020
Monday, October 26, 2020
- Disseminate worst-case scenarios, taking care to ignore the dubious assumptions that go into modeling while vilifying anyone, no matter how well-qualified, who refuses to ignore them.
- Emphasize the (alleged) benefits of a draconian government response, taking care to ignore the costs while vilifying anyone, no matter how well-qualified, who refuses to ignore them.
- Repeat as necessary, preferably often.
Sunday, October 11, 2020
Friday, October 09, 2020
This is an expanded version of something I wrote for The Freeman, October 2003, during my tenure as the editor.
Socialism has been mortally discredited on economic grounds, thanks to Ludwig von Mises, F. A. Hayek, and history. But for many people it has not been discredited on moral grounds. You can tell this by how often people say that while socialism doesn’t work in practice, it is good, even beautiful, in theory. (Even Thomas Sowell has said that.)
Strange notion—that a theory which doesn’t work in the world can somehow still be good. Where else is it to be judged? William Graham Sumner, I believe, pointed out the contradiction: there must be a good theory that explains the system that does work in practice, but that theory would conflict with the other theory also held to be good. So we end up with two good but conflicting theories. Something is wrong.