The current President can teach us a lot about how incentives can alter a persons behavior.
Assume you agree with me, that Trump is a nefarious actor.
Was Trump more of a threat to humanity in the voluntary sector, or the political sector?
The Progressive world-view would predict: In the greedy private sector Trump exploited people. Now, as a public servant, Trump creates value by serving us, the collective.
The opposite is true.
Market advocates recognize the inevitability of humans being self-interested actors, using the freedom of (dis)association as the ultimate check and balance against wrongdoers.
The consumers are merciless. They never buy in order to benefit a less efficient producer and to protect him against the consequences of his failure to manage better. They want to be served as well as possible. And the working of the capitalist system forces the entrepreneur to obey the orders issued by the consumers.
Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.
Memorial Day brings out a lot of scripted lines, but we want to talk about the part that gets avoided: what American wars actually cost, who pays, and how often the public is left holding the bill while elites chase ideology, influence, and profit. We start by looking...
It was refreshing to walk into a full cinema for a film that was not attached to a video game or some 20th century property suffering through needless cannibalism. Alas, Blumhouse has managed to produce another hit with a small budget, slim cast of relative unknowns...
Trump says he wants “few people killed,” then talks like bombing Iran is a weekly calendar event. That contradiction is where we start, because the public narrative around the Iran war keeps snapping from all-out threats to last-minute “negotiations” as deadlines...