Defenders of free enterprise do not believe in a perfect administration under a market economy. Rather, we do not believe in the possibility of such. To the extent imperfect decision-making is accepted, we then seek to solve for who has the best chance of answering the question correctly, he with local knowledge or he without? He who will reap the consequences of his decision, or he who will not? Better decisions that are imperfect are superior to worse ones that are also imperfect. And accountability where a decision is made is better than no accountability where a decision is also made. One simply must abandon belief in the omnipotent disinterested third party (which no one explicitly believes in but too many implicitly do). Once we have accepted the inevitability of imperfect decision-making, choosing who decides is the easy part.
– David Bahnsen, There’s No Free Lunch: 250 Economic Truths
Bob Fenster is a Social Studies teacher and National Teacher Hall of Fame Class of ’22.
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