It was a pleasure debating Brian Leiter last week. The resolution, to repeat: “Social democracy is preferable to market capitalism, but ultimately America will need to move towards a socialist system.” Here are some thoughts I failed to fully articulate at the live event. As always, I’m happy to publish any reply my opponent wishes to compose.
Tag: money
A Proposal for Real Coronavirus “Stimulus”
The Fed is returning to a policy of “Quantitative Easing” in response to the COVID-19 panic. The idea behind these moves is that throwing money at the banks and the government will “stimulate” the economy by keeping credit easy for consumers and business borrowers. I have a better idea.
Paul Krugman, COVID-19, and Broken Windows
The jury is still out on which of two things — COVID-19 or the panic over COVID-19 — will cost more lives and do more damage to the global economy. My money’s still on the latter. In the meantime, I’ve developed a surefire, Groundhog Day type test for whether the emergency is over: Watch for Nobel laureate economist and New York Times columnist Paul Krugman to start trying to convince us it was, all in all, actually a GOOD thing.
The Leiter-Caplan Socialism Debate
All First World countries are already social democracies. Their governments continue to allow markets to provide most goods and services, but they heavily regulate these markets, heavily subsidize favored sectors like education and health, and heavily redistribute income. The U.S. is moderately less social democratic than France or Sweden, but the idea that we have “market capitalism” while they have “social democracy” is hyperbole.
Reflections on Guatemala
I first journeyed to Guatemala 20 years ago, hosted by Universidad Francisco Marroquín. Two weeks ago, I returned for a delightful extended visit, accompanied by my Spanish-speaking elder sons and former EconLog blogger Jim Schneider. I spent over a week doing guest lectures at UFM, then gave Friday’s keynote talk for the Reason Foundation’s Reason in Guatemala conference. During our trip, we were also able to visit the awesome Mayan ruins of Tikal and Yaxha. Here are my reflections on the experience.
Helping the “Homeless”
Years ago I met a homeless guy named Paul. He was nice enough, but it was clear he wasn’t “all there”. He had left his home in Kentucky and traveled in his car (I’m assuming it was his) to western Colorado. There he spent the nights in his car, which he kept parked in the back-country, and walked into town almost every day.
Don’t “Tax the Rich”
If you “tax” wealthy people you are stealing from me.
Freedom for $5.30 — and This Time Mexico Really is Paying For It
No matter how much money politicians like Trump spend trying to restrain and impoverish the people they stole it from, those seeking freedom and prosperity find ways to win through — and to do so for far less.
On Airplane Reclining Seats
The one thing that makes flying just a tiny bit more comfortable is the reclining seat. If I were perusing airlines and prices and saw the offering of a ticket without a reclining seat, I would refuse to purchase that ticket!
The Subtle Art
The message is that it’s all Kabuki theater so one should operate by one’s self-determined principles and sense of responsibility. I hesitate to say that Manson is a voluntaryist, but I hesitate to say that he is not.