As staunch advocates of free markets, we only find it fitting that, in light of the recent events, crises, and government interventions, we re-state our position that if governments use these times as an opportunity to seize more control and start nationalizing it could be a fatal mistake.
To contrast our beliefs, however, we also felt the need to feature an article by Jacob Weisberg that lends his position that this economic crisis spells out the end of libertarianism and free markets – and a rebuttal; this one by Richard Epstein, who respectfully disagrees.
For the record, Libertarianism, as used in these articles and as generally used by us Dumbagents, refers to fiscal and economic Libertarianism. Libertarianism for social matters (think Ayn Rand), is another topic which shares many similar views but diverges on other matters. We’ll leave this topic for another post.
