faith in what, exactly

Church & StateFrom “Faith, Snow & Government” by Skip Oliva:

It’s often said that libertarians have “faith” in free markets. I don’t think that’s the case. What we have is an understanding of the division of labor and the law of comparative advantage. Some people mistakenly confuse that with religious fanaticism. …

Government, in contrast, is an attempt to violate the natural laws of economics. The division of labor is irrelevant, claim the faithful, because we have elections to install leaders who will provide all manner of services, regardless of the leaders’ actual knowledge of experience. If we just elect the “right” people and have faith in them, the political system will outperform individual action and voluntary exchange.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: