Friedman’s example from warfare was interesting, as was the prisoner’s dilemma, and the entire article too.
Also, the new and better term for “market failure”, namely “group-rationality failure", is cool. So is winning some support for the free market.
I’m writing a (very) short story titled Jack’s Adventures In The Land Of Oz. The first section describes how the economies of the West will get so huge that the governments will come to the private sectors, fall humbly upon their knees, admit their incompetence, ask forgiveness for past transgressions, and beg for help in running the West
The second section of my story celebrates the year 2020, when “the people” in America, later refered to as “the disgusted masses”, finally got tired of “Big Government” and used the electoral process to force Barry & Kind to get jobs in the Private Sector. Washingotn D.C. was renamed. Its now known as “Free Markets, D.C.” LOL
Thought For Today: America succeeds economically in spite of the government and the Private Sector /grin … (Could it be that the Sovereign God is actually in control of those two power mad entities, and manipulates both, for better ends than either “Barry or Gordon” intend by their shenanigans!)
Barry vs. Gordon LOL
“Greed, for lack of a better word, is good”__Gordon Gekko
“I got roasted the other night. A friend of mine asked, ‘Why are we honoring this man? Have we run out of human beings?’”__Gordon Gekko
We know what Barry would tell you, so no “Barry quotes” are needed. Just get out your wallet and open it up. LOL
TGIF in the title of the OP’s article? Thank God Its Friday, I assume? (Sheldon Richman wrote it today which is a Friday)