What’s The Solution?

The real problem is that there are NO *solutions* possible to most human problems. There are only tradeoffs. Even so, people emotionally demand the impossible and that’s where the ideologues step in with their invalid premises and promises.

The only thing that is unlimited is human desires. All resources are finite and their most efficient economic allocation is learned through the mechanism of prices. Some win, some lose but most people, on average, improve their lot. No politician or appointee or committee or any other human created group can possibly have sufficient information to more efficiently allocate those resources.

That is assuming that people actually have the freedom to make their own decisions as to what they really want and at what price they’re willing to pay for it, no matter whether or not that’s what some elite thinks they do or should want.

The self-proclaimed elites on all sides insist that they are the ones who should decide what people can or can’t have or do because they are so much wiser or more moral or more caring or whatever label they chose to use. They may mean to rule well, but they do mean to rule. What they do with the economy is just one of their tools.

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Posted in Sociology.