This just in from Reason.com’s John Stossel: There’s Nothing Mysterious About The Market. Unless you’re in Congress. Excerpt:
People have long lists of things they think the market can’t possibly do—from building subways to fighting wars.
Sometimes, the market does them anyway.
War, for example. Even conservatives, who often praise markets, assume that only government can fight terrorists. Tell that to Matthew VanDyke.
VanDyke and his group, Sons of Liberty International, spent the past months in Iraq training the Nineveh Plains Protection Unit, several thousand Christians willing to risk their lives fighting against ISIS’s brutal forces there.
I don’t know if Sons of Liberty are as competent (or more competent) than the U.S. military, but they’re not using taxpayer dollars or getting the U.S. involved in a wider war.
My TV show on “market magic” this week looks at other things markets do that we’re always told only government can do—like run courts.
There’s one thing the government can do very well: Restrict personal freedom and choice. And boy howdy, do they ever. And that’s the primary difference between markets and government. Markets increase choices; government reduces them. Markets increase economic opportunity; government decreases economic opportunity.
There’s no reason that, for example, highways couldn’t be privately built and operated. Railroads operated that way for many decades, in spite of ever-increasing government interference; in fact, the only railroads in the 20th century that were profitable were railroads built and operated with no government preferences or subsidies. Why? Because they were built in response to a market need, not a political need.
As a general rule, we need less government and more free markets. Can someone get this message to the Imperial City? We’ve tried? Never mind.