Economic Advice and The Public

ECONOMIC ADVICE AND THE PUBLIC

Economics has been a cudgel for justifying a moral bias, not a science to which we must conform our moral intuitions. Libertarians are largely advocating free riding on the commons just as much as socialist advocate free riding upon the private sector.

No economic proposition is decidable by either libertarian or socialist without first solving the question of the distribution of a mixed economy, since only mixed economies can survive competition in the market for polities.

The answer of course is just rule of law by reciprocity and that we track investments by the polity in returns and prevent the public from privatizing public gains, just as much as we prevent the public from socializing private gains.

In other words, it’s largely a problem of record keeping and accounting.

The problem is everyone has an interests in maintaining the lie, and maintaining chaos in the public who resorts to petty moralizing out of ignorance.