This first appeared on XYZ.
One thing that the libertarians get right in their theories is that humans respond to incentives. If we consider human societies on a material level as simply massive resource distribution mechanisms, then we can see why the libertarian economists of the Austrian School considered free market price signals as the foundation of human liberty. When the dead hand of government is everywhere in a nation, it becomes impossible to make an honest living. Everything is corrupted.
The ideas of the mainly Jewish Austrian School are also used to support open borders and mass immigration so my admiration for them has limits.… Read the rest