hard heads soft hearts
Monday, June 29, 2009
Thinking about Josh Marshall's post about rent-seeking & the public option, and his link to the Wikipedia page,
I think my core complaint with mainstream economics is that there seems to be a careless, unspoken assumption that
1) Rent-seeking usually occurs because of too much government, and not too little.
2) The main problem with rent-seeking is in the seeking of rent, and not in the rent itself, and its distribution.
I first started thinking on these George-ist type issues after reading this article by by Dan Sullivan, via someone in the comments on Dean Baker's blog:
"Are you a Real Libertarian, or a ROYAL Libertarian?"
Two more Deep Thoughts:
When a large portion of the nation's elite adopts the mindset "make my pile quickly and retire early", bad things happen.
Orwell: "It is easier — even quicker, once you have the habit — to say `In my opinion it is not an unjustifiable assumption that' than to say `I think'."