Thursday, October 28, 2010
Fundamentalists of big government (3)
In today's letters to the editor of The New York Times, we see yet again the tired old cry for bigger government because of the "spectacularly ill informed" belief that "markets are rational." That argument attacks a straw man, since it is not libertarians who think that we can legislate utopia into existence. Moreover, it ignores the paradox of democratic statism that I have noted in other fora, namely, that the same people who are too stupid to run their own lives are at the same time brilliant enough to go to the polls and make the right choices for the rest of us.