![]() It is a bit nihilistic, but until something happens that hurts elderly homeowner’s pocketbooks, the state will only continue to add entitlement programs. ![]() That is not what is actually on the table. Creating universal backpack vouchers….not so much.īut the same argument could be said for Mike’s true idea UBI with no other welfare programs. I side with Russ on this particular issue, but one has to concede that writing checks has a likelihood of actually coming to fruition. Mike’s point on the above quote is well taken. “I’m not opposed to making the entire public school system better. I always appreciate Mike and Russ fleshing out the details of economic ideas and political economy. ![]() Many topics, especially when there are many claiming the mantle of educated on the subject, deserve a deeper dive. Loved that line, and always love Munger as a guest. “That guy now works for the Food and Drug Administration.” And I think seeking to understand this critique would also help libertarians better understand why their preferred policies don’t end up getting implemented more often. To be clear, I don’t think the critique undermines free marketism in general, but it’s a huge marketing/persuasion issue that Roberts and Munger here basically just seem to dodge rather than directly address. ![]() It simply seems “uncaring” and the product of out-of-touch boomers who already got cushy jobs and don’t have to face the reality of what the free market means anymore. I wish Roberts (and the many tenured libertarian academics that he often brings on) would directly address this since it’s a widespread critique of free markets among Gen Z in particular. I agree that free markets are the best overall setup, but things like Roberts saying he’s “willing to tolerate some unattractive outcomes ” (around minute 27:30) that are very unlikely to personally happen to him and his family is fairly emblematic of why libertarianism gets a bad rap. ![]()
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