I have a vague hunch one can sketch out a proof that extreme libertarian slash ancap economics is suboptimal without adding some additional centralised coordination to resolve the inevitable crises caused by speculative bubbles
If it could be done, the market would’ve done it by now.
without speculation you hobble your economic growth, with speculation and absolute inviolable property rights I think you run the risk of [fill in blank]
Ah, yes, [fill in blank], the primary objection libertarians have had to contend with since time immemorial.
I mean the obvious starting point is currency, which is either restricted to a fixed amount (ushering in the Great Depression?) or issued by a single authority (giving that authority too much power?) or issued by anyone who cares to, the most interesting case.
Oh snap, we forgot about currency! No way to handle that one without government. Back to the drawing board.
You know, that’s the one thing I never hear libertarians talking about: how to privatize currency.
Libertarians are required to have a complete program for rebuilding society from the ground up, along with an exacting proof that the program would work. They are not allowed to simply say “the state will whither away” like the communists are. Much less are they allowed to get away with simply having a bagful of policies, like mainstream, democratically-elected parties. No.
No, libertarians can’t just say “hey, how about no minimum wage” or “how about no drug war,” because if you do, someone like @argumate will come along with a vague hunch about a sketch of an argument that an extreme form of libertarianism is less than perfect. And then you’d be so embarrassed.
So get on it. Argumate’s got a smidgen of doubt that libertarianism isn’t immediately and obviously perfect. Can’t let that stand.
Actually, Communists aren’t allowed to say that “the state will whither away”, and as someone that does not and has never liked Libertarianism, I have called Communists on this on multiple occasions and demanded that they provide a full plan for rebuilding society from the ground up, since “let’s abolish private ownership of the means of production” basically requires that.
And Communists complain that they aren’t allowed to just say that, and talk about how you aren’t supposed to pre-define the revolution so it doesn’t get locked in.
(But I don’t need to worry, since nothing hurts Libertarianism quite like Libertarian immigration policies.)
