{"id":301,"date":"2017-08-28T16:35:03","date_gmt":"2017-08-28T16:35:03","guid":{"rendered":"https:\/\/moneydelusions.com\/wp\/?p=301"},"modified":"2017-09-20T14:19:21","modified_gmt":"2017-09-20T14:19:21","slug":"cafe-hayek-insurance-against-exploitation","status":"publish","type":"post","link":"https:\/\/moneydelusions.com\/wp\/2017\/08\/28\/cafe-hayek-insurance-against-exploitation\/","title":{"rendered":"Cafe Hayek: insurance against exploitation,"},"content":{"rendered":"
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MD:<\/strong> I wonder if Boudreaux and Buchanan have read the Anti-Federalist Papers. <\/a>\u00a0Let’s see if they have clue.<\/p><\/blockquote>\n

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Quotation of the Day\u2026<\/h1>\n

by Don Boudreaux<\/span> on August 28, 2017<\/abbr><\/p>\n

in Myths and Fallacies<\/a>, Virginia Political Economy<\/a><\/p>\n<\/div>\n

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\u2026 is from pages 171-172 of my late Nobel-laureate colleague Jim Buchanan<\/a>\u2018s 1987 paper \u201cMan and the State,\u201d\u00a0as this paper is reprinted in James M. Buchanan, Federalism, Liberty, and Law<\/em><\/a> (2001), which is volume 18 of the Collected Works of James M. Buchanan<\/a><\/em>:<\/p>\n

\"\"The monumental folly of the past two centuries has been the presumption that so long as the state operates in accordance with democratic procedures (free and periodic elections; open franchise; open entry for parties, candidates, and interests; majority or plurality voting rules) the individual does, indeed, have quite apart from any viable exit option. \u00a0<\/em><\/p>\n

MD:<\/strong> That is a badly constructed … long sentence. It ends “individual does have”. Does have “what”?\u00a0 And then adds “quite apart from any viable exit option” has nothing to refer to. If it means the individual has a viable exit option to leave the government, he certainly doesn’t. Neither does a state. The Constitution is obviously flawed with its failure to include a buy\/sell clause.<\/p><\/blockquote>\n

Modern states have been allowed to invade increasing areas of \u201cprivate space\u201d under the pretense of democratic process.<\/em><\/p>\n

MD:<\/strong> We here at MD of course know that democracy … and thus the democratic process … has no chance of working with more than 50 people involved. And our USA process has 500,000 people involved at our “most” representative level.<\/p>\n

From Anti-Federalist Papers #17: Federalist Power Will Ultimately Subvert State Authority:<\/p><\/blockquote>\n

DBx<\/strong>: People whose understanding of democracy is no more advanced than what they learned in fifth grade believe that the democratic procedures listed above by Buchanan are both necessary and sufficient<\/em> to ensure a free, open, vibrant, and prosperous society. \u00a0And when such people \u2013 people such as Duke historian Nancy MacLean \u2013 encounter serious discussions of the need for constraints on majoritarian rule, these people leap to the conclusion that those who counsel such restraints are undemocratic enemies of the People. \u00a0Whatever you think of democracy, such leaping is a sign of terrific ignorance of both intellectual and political history. \u00a0And yet displays today of such ignorance are unthinkingly celebrated in \u201cProgressive\u201d circles as signs of deep wisdom and moral superiority.<\/p>\n

MD:<\/strong> Boy is this the pot calling the kettle black. DBx seems to be clueless about democracy too. Earth to DBx! Democracy can’t work with more than 50 people involved!<\/p>\n

For democracy to work, the voters must be intimately familiar with the issues on which they are voting. For democracy to function in a republic, those choosing the representative for the next lower level must personally know the person they choose … and that person must personally know them to represent them (the individual being at the top level and himself dealing himself with all issues under his control … like his own welfare) .<\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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MD: I wonder if Boudreaux and Buchanan have read the Anti-Federalist Papers. \u00a0Let’s see if they have clue. Quotation of the Day\u2026 by Don Boudreaux on August 28, 2017 in Myths and Fallacies, Virginia Political Economy \u2026 is from pages 171-172 of my late Nobel-laureate colleague Jim Buchanan\u2018s 1987 paper \u201cMan and the State,\u201d\u00a0as this … <\/p>\n

Continue reading “Cafe Hayek: insurance against exploitation,”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,26],"tags":[],"class_list":["post-301","post","type-post","status-publish","format-standard","hentry","category-cafehayek","category-principles"],"_links":{"self":[{"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/posts\/301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/comments?post=301"}],"version-history":[{"count":3,"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/posts\/301\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/posts\/301\/revisions\/304"}],"wp:attachment":[{"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/media?parent=301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/categories?post=301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneydelusions.com\/wp\/wp-json\/wp\/v2\/tags?post=301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}