#michaelmunger — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #michaelmunger, aggregated by home.social.
-
"Governments that do not do these things fail. So: Regulation of a financial system. The availability of a reliable, independent system for adjudicating disputes--so, a judiciary. Stability of the currency. The ability to control the expansion of debt, to secure modest interest rates. The incapacity to provide the basic State function of controlling the border. And, the incapacity to keep order and enforce the laws."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
"Governments that do not do these things fail. So: Regulation of a financial system. The availability of a reliable, independent system for adjudicating disputes--so, a judiciary. Stability of the currency. The ability to control the expansion of debt, to secure modest interest rates. The incapacity to provide the basic State function of controlling the border. And, the incapacity to keep order and enforce the laws."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
"Governments that do not do these things fail. So: Regulation of a financial system. The availability of a reliable, independent system for adjudicating disputes--so, a judiciary. Stability of the currency. The ability to control the expansion of debt, to secure modest interest rates. The incapacity to provide the basic State function of controlling the border. And, the incapacity to keep order and enforce the laws."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
"Governments that do not do these things fail. So: Regulation of a financial system. The availability of a reliable, independent system for adjudicating disputes--so, a judiciary. Stability of the currency. The ability to control the expansion of debt, to secure modest interest rates. The incapacity to provide the basic State function of controlling the border. And, the incapacity to keep order and enforce the laws."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
"... the usual separation between markets and politics, where markets are probably going to perform better than democracy in deciding how to allocate resources, was not only conceded by the Cambridge Welfare Economists: they anticipated Public Choice arguments by 60 or 70 years. They just had a different solution."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
"... the usual separation between markets and politics, where markets are probably going to perform better than democracy in deciding how to allocate resources, was not only conceded by the Cambridge Welfare Economists: they anticipated Public Choice arguments by 60 or 70 years. They just had a different solution."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
"... the usual separation between markets and politics, where markets are probably going to perform better than democracy in deciding how to allocate resources, was not only conceded by the Cambridge Welfare Economists: they anticipated Public Choice arguments by 60 or 70 years. They just had a different solution."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
"... the usual separation between markets and politics, where markets are probably going to perform better than democracy in deciding how to allocate resources, was not only conceded by the Cambridge Welfare Economists: they anticipated Public Choice arguments by 60 or 70 years. They just had a different solution."
#MichaelMunger, 2024
https://www.econtalk.org/does-market-failure-justify-government-intervention-with-michael-munger/
-
“There is an inherent tendency in #capitalism towards cronyism, and democracy enhances it. That means that capitalism is not sustainable in a #democracy, and those of us who defend #markets need to take that part of the argument from the left seriously. #Cronyism is not the opposite of capitalism. It is something that capitalism turns into in a political system that allows #freedom, and we should be worried about that. We should credit that as legitimate #criticism.”
— #MichaelMunger, on the #FreeThoughts podcast
https://www.libertarianism.org/podcasts/free-thoughts/capitalism-and-its-critics