One of the brightest regulars who comments on my blog has a totally distorted view of what Libertarian economics is all about. Unfortunately, I am quite confident that her view is mainstream.



Tin Hat writes ...



Here is the core premise behind libertarian economics:



The private business sector will put ethics, morality and public employee good above profits, shareholders, bonuses, golden parachutes and CEO compensation -- IF they were completely unfettered from any government imposed rules, laws, and regulations.



And IF the private sector entity failed in its fiduciary duty to the public, Main Street would rise up and kick them out.



That's Corporatism.

Regulation Model vs. the Libertarian Model

Tin Hat

The regulation model sponsored Fannie Mae and Freddie Mac.

The regulation model gave huge tax breaks written by GE for GE

The regulation model encourages flight of jobs overseas

The regulation model supports corrupt public unions that have bankrupted cities and states

The regulation model gave us the Fed and its bubble blowing policies

The regulation model gave us thousands of affordable home programs all of which drove up the price of homes

The regulation model provides hundreds of billions of dollars of student loans the effect of which is to make those graduating from school now, perpetual debt slaves.

The regulation model gave us a healthcare bill we literally "had to pass to find out what was in it" according to Nancy Pelosi. Congress did not write that bill, it was entirely written by a consortium of special interest lobbyists.



after

Libertarian Economic Model

Failure of Regulation

of

Libertarian Solution