Escher’s Waterfall Economics Revisited

August 15, 2019

Robbing Peter to simply to pay Paul no longer wins the debateWaving pens still does not create wealthThe rich spend money, tooEscher’s Waterfall economics revisitedRedistribution stimulates consumption and taxes productionMore consumption with comparatively less production will cause prices to riseWe’ve seen this before in the market for higher educationYou still can’t get something for nothing

The 2020 election season is picking up, so I’m bound to see more posts like this one on facebook in the coming months. This is a commercial from the British Labour party, rationalizing various government economic interventions to stimulate consumption. Though made for British politics, American progressives and Democrats make similar arguments. They call it “common sense”. Watch for yourself, then I’ll give you my reaction:

Read the rest of this entry »

Why I stuck with libertarianism — despite the kukubirds in the movement

December 29, 2013
The Libertarian Kukubird in its natural habitat.

The Libertarian Kukubird in its natural habitat.

Salon is back with another hit-piece on libertarianism, this time from a supposed reformed former libertarian and Ron Paul delegate, Edwin Lyngar, who fled the movement and became a liberal. Aside from being a Ron Paul delegate, his stated libertarian credentials are as follows:

I came by my own libertarian sensibilities honestly. I grew up in a mining town that produced gold, silver and copper; but above all, Battle Mountain, Nev. made libertarians. Raised on 40-acre square of brown sage brush and dead earth, we burned our own garbage and fired guns in the back yard.

He later fled the libertarian movement for the following stated reasons:

“Bring in the clowns,” [the smart, charismatic Ron Paul staffer] said, and smiled before I lost her in the mass of people [at the Republican Convention]. I will never forget that moment: Bring in the clowns. At the time, I considered myself a thoughtful person, yet I could hardly claim to be one if you judged me by the company I kept. The young lady knew something I had not yet learned: most of our supporters were totally fucking nuts. … From the ashes of the election rose the movement that pushed me from convinced libertarian into bunny-hugging liberal. The Tea Party monster forever tainted the words freedom and libertarian for me. The rise of the Tea Party made me want to puke, and my nausea is now a chronic condition.There are a lot of libertarians in the Tea Party, but there are also a lot of repugnant, religious nuts and intolerant racists. “Birthers” found a comfy home among 9-11 conspiracy people and other crackpots. After only a few months, I had absolutely no desire to ever be linked to this group of people.

Basically, Mr. Lyngar fled guilt by association. He added:

I began to think about real people, like my neighbors and people less lucky than me. Did I want those people to starve to death? I care about children, even poor ones. I love the National Park system. The best parts of the America I love are our communities. My libertarian friends might call me a fucking commie (they have) or a pussy, but extreme selfishness is just so isolating and cruel. Libertarianism is unnatural, and the size of the federal government is almost irrelevant. The real question is: what does society need and how do we pay for it?

So let me get this straight: Raised in libertarian Battle Mountain, Nevada, on a diet of sage brush and burnt garbage, Edwin Lyngar became a Ron Paul delegate to fulfill his libertarian vision on starving poor children to death. But intolerant Tea Party racists and kukubirds made him nauseous, and he had absolutely no desire ever to be linked with them. Thereafter, he began to “think about real people”. Upon some soul searching, he realized that he no longer wanted to starve poor children to death, and that he liked National Parks, too. That’s when he decided to become a liberal. Do I have that about right?

Well, this may come as a shock to’s readership, but most libertarians, myself included, and even tea party kukubirds, don’t see themselves as wanting poor children to starve to death. To the contrary, we envision alternative means of making such necessities more affordable for all, including granting the public greater freedom to innovate, carry on businesses, and work. Of course, libertarians get trounced in most elections because most voters either don’t understand the libertarian alternatives, or they don’t believe that libertarian alternatives will actually make food more affordable, or they believe that trying the alternatives will be too risky. This is all understandable. Although grounded in what I believe to be sound economic principles, it is a leap into the unknown and untested, as far as most Americans living today can tell.

What’s not understandable is a self-styled former libertarian carrying on as if libertarians have offered no alternatives to the welfare state. I won’t go into the specifics of the libertarian vision of prosperity here. Suffice it to say that suggesting that libertarians simply want people to starve to death, or don’t care if they do, as if libertarians have no alternative ideas in mind for improving prosperity, is a shameless libel. If that’s how poorly Mr. Lyngar represented the liberty movement when he was in it, then, frankly, I’m relieved that he is now out of it, and I hope he stays out of it so long as he demonstrates such an inability to articulate the fundamentals of market economics.

Mr. Lyngar threw in this stuff about starving poor children almost as an afterthought. It seems to me that his priority was to rehabilitate his own image. He certainly devoted more bandwidth to distancing himself from kukubirds than he did to feeding hungry children. Fair enough. The libertarian movement has more than its fair share of kukubirds. I am concerned, at times, that I might be mistaken for one of them, but I stick with the movement anyway. I take that risk. I take those lumps. Why do I do it? I do it because I believe that the libertarian political philosophy is grounded in sound economic and moral principles, as articulated by the scholars at the Ludwig von Mises Institute, the Cato Institue, and by the thoughtful pundits at, among other luminaries. That some racists and kukubirds have also associated themselves with the movement has no logical bearing on the soundness of its underlying economic principles. I posit that, like Mr. Lyngar, these unsavory characters probably joined the movement for reasons other than the sound economic principles on which it is based, such as the nurture of growing up around libertarians, or the inarticulate distrust that spawns conspiracy theories.

I will not abandon sound principles because others do not understand them. I will keep the courage of my convictions. I will not let the presence of kukubirds drive me from what I believe to be right. I will remain a libertarian until some non-libertarian demonstrates to me the alleged flaws of libertarian economic principles. As far as I can tell, Mr. Edwin Lyngar hasn’t bothered to try.

Image: Wonkette

The Amazing Atheist: Capitalism doesn’t work because shoppers are too stupid.

July 4, 2013

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” ~ Murray Rothbard

The Amazing Atheist thinks he’s got this economics stuff figured out. The relevant part begins a minute in:

Mr. Atheist actually begins his account of market economics with uncommon accuracy. He describes hamburger/harmonica exchange well enough, at least to start:  Read the rest of this entry »

If housepets could whine like human beings….

June 15, 2013

A good friend of mine posted the following cartoon to facebook, with instructions: “If house pets were libertarians. (And someone, please sketch the opposite…)”

If housepets were libertarians.

If housepets were libertarians.

The middle panel begs the question, in the logical sense. Of course, we humans have outside knowledge that the filter is absolutely necessary for the survival of the fish. The necessity of myriad government boondoggles however, is not so well established. The other two panels are reasonable to the extent that libertarians say these sorts of things.  Read the rest of this entry »

Student Loan Interest Rates: Elizabeth Warren Promises Bread and Circuses

May 24, 2013

At least two of my followees posted this on their FB feeds:

Oh gawd.

Oh gawd.

Posting something like this, without any caveats or qualifications, to me, is a symptom of Acute Economic Unawareness (AEU). Read the rest of this entry »

What Is the “Ideal” Distribution of Wealth?

March 17, 2013

I’ve seen this video at least four times on facebook. I’d say it has achieved a critical mass of re-posts to warrant some sort of comment. The topic is America’s calamitous distribution of wealth, and the fear and loathing it should allegedly strike in the hearts of poor and middle-class Americans. Here is the video:

My attempts to find an organizational source with further information for this video have failed. Politizane‘s YouTube account appears to be the video’s origin, although others have re-posted it. As of this writing, no other videos appear under that name.  Read the rest of this entry »

If you don’t like someone’s idea, be sure to call it an ‘agenda’.

March 4, 2013

No argument necessary. Forming an argument will not improve your chances of winning.

I caught this one on the twitter. It’s called, Gifquester: The Story of Sequestration in Handy GIF Form, and is brought to us courtesy of the American Federation of State, County, and Municipal Employees union. It purports to be a cutesy little history on the sequestration, which is government’s pathetic attempt to shave a little acceleration from its spending increases. The good stuff—and by that I mean the empty-headed drivel that makes for fun blogging—begins two steps in:

Now, every so often Congress authorizes how much money the government can borrow. This is called the debt ceiling. Tea partiers claimed that the debt ceiling was too damn high.

But they were actually using the debt ceiling as leverage to advance their agenda of shrinking government services and cutting programs like Social Security, Medicare and Medicaid.

After taking the U.S. economy to the brink of default, the right wing agreed … .

That’s the entire discussion on why the Tea Party wants to shrink government services. They, just, have this, agenda. That’s, just, what they do. That’s their thing. They shrink government. They’re government shrinkers. That’s their agenda. All you need to know about the economics of it is that the Tea Partiers have an agenda, and the good guys—the AFSCME—oppose that agenda.  Read the rest of this entry »