Trump’s “threat to the free market”.

Market libertarians: “A chief danger of a Trump presidency is that free markets will be blamed for the bad consequences of his policies.”

OK. But when has this not been the case? When have opponents of free markets not blamed the free market for bad consequences of government policy? When have they not placed the blame for the aspects of society which they dislike on free markets? What is not “neoliberalism” these days? 

A libertarian message for American libertarians 

The chances of your individual vote effecting the outcome of the presidential election are infinitesimal. In a country the size of America, the odds of your individual vote mattering are billions, if not trillions, to one against.

Also, it’s, like, really, really, like, super important that you don’t cast your individual vote, in order to, like, you know, make a really, really, like, super important stand against the oppressive democratic system.

Coming out as a neoliberal

http://www.adamsmith.org/blog/coming-out-as-neoliberals

1) Pro-market, but not too pro-market

2) Pro-property rights, but not too pro-property rights

3) Individualistic, but not too individualistic

4) Pro-growth (to the exclusion of all else, see 1, 2 and 3)

5) Globalist in outlook, in spite of being “pro-property rights” and “empirical”

6) Focused on changing the world for the better, in spite of being “pro-market”, “pro-property rights”, and “individualistic”

7) Optimistic about the future, in spite of being “globalist in outlook” and “focused on changing the world for the better”

8) Empirical and open minded, but not too empirical and open minded (see 5, 6 and 7)

Evolution and Economics Ma Non Troppo.

But as Hayek argued (especially in The Fatal Conceit ), not all evolved human instincts fit ideally with life in this brand-spanking-new global, commercial society of ours (what Hayek called “the extended order” – as in an order of human relationships that extends well beyond the small groups in which the vast majority of our ancestors lived). Tribalism is always at work, threatening to shred the sinews of the modern economy that has as a centerpiece an immense division of labor that spans the globe and involves the creativity and efforts of literally billions of people, nearly all of whom are complete strangers to each other. (Note the root word in “strangers.” We are evolved to be suspicious of that which is strange.)
Continue reading Evolution and Economics Ma Non Troppo.