Tuesday, February 24, 2009
We libertarians can seem a contrary bunch -- we spend much time pointing out the foolishness and dangers in so many public policy proposals and actions by the pro-government parties (the Democrats and the Republicans) -- that it can seem like we ourselves don't have any ideas to propose instead. It's not true (mainly because nobody's listening when we start explaining what *should* be done), but it can seem that way.
The governments trillion-dollar Stimulus packages these days are, regrettably, not likely to be effective -- certainly, they won't be remotely as affective as they are expensive.
So, you may ask -- what would you Libertarians do? We have to do SOMETHING!
Of course, the FIRST thing we have to do, in a crisis like this, is NOT DO THE WRONG THINGS that will just make everything worse. We have to resist being panicked into doing things that may help today but will make us very sorry tomorrow.
But in addition to that, there are things we *should* do, and this article in the Mises daily blog enumerate them. (They refer to it as "Austrian" ideas -- that refers to the school of economics that Libertarians embrace, the school of economics cofounded by Ludwig von Mises and others.)
Here is the opening paragraph, in case you hesitate to click the link above:
Sunday, February 15, 2009
Now THIS is good!
"If you always do what you always did, you'll always get what you always got."
-slogan of a previous LIbertarian Party candidate for president, explaining why you shouldn't just vote Democrat or Republican again and again...
Of course, to be fair, Obama's thinking probably goes: Under Clinton, we somehow (the operative word: somehow--they don't have any idea actually *how*) had a solid economy and minimal debt with (yay Demos!) rising government spending! If we hire a bunch of Clinton's people, maybe they'll magically produce the same result!
Even though they don't know how they produced the result last time.
This is called Magical Thinking.