A budget for jobs
Balancing budgets
Earth Hour: Sitting in the dark
Blog Review 913
Facebook spys
Bailing on AIG
Brussels Dispatch: Gaia and the catallaxy
I have been trying for some time to develop an analogy of the economy in familiar terms that all people can immediately relate to; and noticed that there is an automatic reflex, in considering the environment, that human intervention is such that many unseen and malignant consequences will follow from even an apparently innocuous activity.
Furthermore, and most importantly, people seem to truly understand that there is no such single thing as ‘the environment’ – it is the sum total of billions of tiny interactions, that without any central planning, holds itself in check; but with human intervention, the whole thing can be knocked into disequilibrium.
There would be the most unassailable victory for the laissez-faire movement if people learnt the same innate awe and reverence for the purity of the free-market as they now have for the purity of the ecology: actions cause unintended consequences, whose chaotic effects reverberate – and magnify in amplitude – far beyond the locale of the original intervention.
Austro-libertarians are the militant eco-warriors of the free market.