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115 sats \ 3 replies \ @SimpleStacker 11 Dec \ on: Dave Ramsey Exposes His Ignorance of Capitalism econ
Was never a big fan of Dave Ramsey. While I recognize that he has helped many people get through financial difficulties1, I always thought his analytical approach was very surface-level, as this video does indicate.
A lot of the ills he brings up in the first few minutes are the result of market distortions. Large corps buying up all the housing is a result of the 2008 bailouts and Cantillonization of the economy. Airbnbs are (probably) the result of zoning laws not enabling certain neighborhoods to have hotels when there is a large demand for it. He needs to think deeper about the issues and not turn immediately towards gov't solutions that usually paper over an issue but don't address the underlying economic pressures.

Footnotes

  1. And I appreciate that, it's harder than it sounds, having recently tried to helpsomeone through it ↩
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0 sats \ 2 replies \ @kepford OP 11 Dec
result of market distortions
Indeed.
He needs to think deeper about the issues and not turn immediately towards gov't solutions that usually paper over an issue but don't address the underlying economic pressures.
Well said.
The other aspect that is one major reason I left the Republican party decades ago is that there is little thought of actually reducing the power and scope of the state anymore. Its like both sides have amnesia when they come to power. They do not consider or care that the other party will be in power again and use new powers I'm ways they disagree with.
I left the US political orthodoxy because it became clear to me neither side was interested in long term solutions for a diverse nation where people could live in harmony respecting each others liberties and sovereignty. Neither side. They are fooling themselves when they talk about this stuff.
I found people eventually that shared my conclusion and I realized there was a whole other world of political thought I was unaware of.
People like Ramsey are common. They stay on the surface. It must be nice to be wired like this. I wouldn't know.
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84 sats \ 1 reply \ @SimpleStacker 11 Dec
The problem is that politicians (and most people too) seem to believe that the role of government is to solve peoples' problems. It's not, or at least it shouldn't be. The role of government should be simply to engender the conditions such that people can solve their own problems
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0 sats \ 0 replies \ @kepford OP 11 Dec
Indeed. In my not so humble opinion this view of the role of governance is basically a libertarian view of governance. It can be with a state (but the state tends to grow) or without.
Essentially in my view they ideal governance model is a little as possible. Protect the property rights of individuals. Law predates and exists outside of governments and the state. It arises organically as money does.
Positive rights and a general misunderstanding of the origins and principles of the pre United States has poluted the right and left. Today the average democrat and many republicans are offended by a traditional view of the role of government. It's wild to witness how far we have fallen.
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