pull down to refresh
40 sats \ 5 replies \ @Undisciplined 13 Jun \ on: Default Now! | The Libertarian Institute econ
This is the view that gets me the weirdest looks from my colleagues. Somehow, they can wrap their heads around the broad concept of being an ancap (not that they're persuaded), but the particular debt repudiation component of that is beyond the pale.
Of course it is beyond the pale! They are looking at it from the point of view of a personal default and how dishonorable that is. They don’t seem to realize that drunken sailors are responsible for spending other peoples money because it is not their own money. It is really easy to spend other people broke, isn’t it? Perhaps this is the root of the problem, isn’t it?
reply
No, they're thinking about it from the standpoint of maximizing faith in the state and fear of the financial fallout.
reply
I sounds like your colleagues are working in academia, aren’t they. If so, they are part of the problem and not the solution. That may be the total and complete explanation for their view points. I am very happy I am no longer associated with academia!
reply
For sure. They don't spend any time worrying about trivialities, like personal honor (other than to think it's for dummies).
reply
That sounds about right from my experiences in academia. Personal honor is for the students only and they don’t seem to display much of it, either, nowadays, from what I hear. Isn’t decrepitude, devolution and dishonor just the worst?
reply