Timothy P. Carney discusses Rand Paul and libertarian principles on the Rachel Maddow Show

[StunnedByStupidity]

You are INSANE if you aint in the top 1% and a greedy scum bag. and follow 'libertarian' ideology. And there is no reason why government departments should get captured. It happens WAY less in LESS laissez faire countries (e.g. the Scandinavian countries). And libertarianism GUARANTEES wealth concentration and threats to democracy - COMPLETELY counter to the rhetoric. Oh and IT HAS NEVER BEEN TRIED because society falls to pieces the closer you get to it. IT'S FOR THE TIN FOIL HATTED ONLY...

[maniswil2]

@StunnedByStupidity Wow, you call names but lack any evidence what so ever. How has (psuedo)free-markets worked in China ?

[maniswil2]

Statist are all too willing to scream, BUT monopolies..... Yet, have absolutely no problem with handing over sectors to the government which would create a...

[kobe88124]

carney seems to be selling out...i liked his book obamanomics but here he just seems to be kissing this liberal hosts' ass.

[capitalist4life]

@kobe88124 We need to be reaching out and converting these "liberals". Yelling at them from a distance won't bring more support for free markets. We need to show them how great the free market is and that corporations are often it's greatest enemy.

[mwells219]

@capitalist4life what you need to realize is that "free" doesn't mean that a market is working in the best interest of the people. to say otherwise is a blatant disregard for history and market failure.

[capitalist4life]

@mwells219 I think that for the most part a truly free market brings the best result to the most people.

But let me ask you this: what makes you think that government works in the best interest of the people? Very seldom does gov't have a positive impact on the people it rules. The USSR killed tens of millions and enslaved more. The Nazis killed 10 million. Mao killed tens of millions. The current US govt slaughtered a million Iraqis and is destroying our economy.

[mwells219]

@capitalist4life because that's why the government of the united states was founded was to creat a more perfect union for american people. markets exist to make a profit. i do not support a market that creates an oligarchy where a select few own the majority of wealth resources and political power. and what destroyed our economy was a neoliberal gutting of the government controls on banking institutions.

[capitalist4life]

@mwells219 The only way that wealth is concentrated in a free market is if one person or company serves the customer much better than anyone else can. If I could profitably sell really great cars for $500 each, I would make a lot of money and I would get a well-earned monopoly. Once the monopoly cuts quality or raises the price enough, competitors begin to sprout.

[mwells219]

@capitalist4life you show that you have no understanding of economics. read about vertical and horizontal monopolization of resources as well as the abuses of lower classes that went on during the 19th and early 20th century gilded age. and also explain how the greedy heads of investment banks served the american people by betting on a casino derivatives market that produced no goods or services for anyone.

[capitalist4life]

@mwells219 1st: what is greed? self-interest? everyone is self-interested (greedy). have you ever turned down a pay-raise?

On derivatives: how have goldman sachs's derivatives hurt me? it's just as you said: a casino. casinos don't hurt anyone. Also, it is not the responsibility of the investment bank to serve all of the american people. i don't see anything wrong with all the derivatives. if they created a financial instrument and someone bought it, they served their customer.

[capitalist4life]

@mwells219 Read murray rothbard on monopolization. He absolutely destroys all of the arguments you guys have.

[mwells219]

@capitalist4life i don't care. no economist will ever say that a monopoly is good for a competitive market to argue otherwise speaks more towards your personal ignorance.

[capitalist4life]

@mwells219 i don't argue for monopoly. when granted by government, monopoly is always evil. when naturally occurring, monopoly is benign. i guess we just agree to disagree, i gotta get some sleep.

[mwells219]

@capitalist4life i don't know where you get this idea of a "natural monopoly" or that it's ever benign. get your head out of your ass and stop supporting oligarchy.

[cwhite54]

rand paul said he supported BP paying for everything. these guys are just making stuff up.

[thtrgremlin]

Oil Pollution Act of 1990 was the end of the debate after the Valdez spill. It was an insurance policy oil companies were required to buy, in a sense (as a tax). Whose fault is it that the regulation put in place by the government is no longer so popular by the government now that they need to pay out?

So why is this a debate about "BP not paying their fair share" and not a "wow, yet another example of government taking a hard top down approach to a problem and failing... again!"?

[iwillspyonyou]

The Big Government liberals are SO scared , it's funny .

[mwells219]

@iwillspyonyou there are no liberals in big government. there are centrist democrats and the bat shit crazy right wing republicans.