The best overall regulation the U. S. could impose is to limit the size of every financial institution so that the possibility of out right failure guides every actor.
Monday, May 28, 2012
Freedom means Licentious?
On reading the Moral Sense I see that the Chinese understand freedom as licentious or allowing licentiousness. I wonder how many American's feel the same way about Libertarians because we want to decriminalize dope. I understand human behavior has a guiding hand much like Adam Smith's economic model that works in the following sense: Those that practice risky behavior tend to die off and the more prudent among us thrive and propagate. Society and it's mores are a result of this natural pruning which leaves a Conservative garden of church goers. If only Evangelicals understood how truly conservative Libertarians really are.
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