Re: It wasn’t sex-blogging that ruined the economy, but something close to it
Punditus Maximus:
That’s not a ton of movement away from President George W. Bush toward the Libertarian Party there.
As if the only options of which libertarians might partake were (1) voting for the Republican presidential candidate or (2) voting for the Libertarian Party candidate. In 2000, I voted for Ralph Nader; in 2004, I voted for John Kerry, and in 2008, because I had given up on both third-partyism and lesser-evilism and, in fact, electoral politics as a whole, I voted for nobody at all. In fact, many libertarians reject electoral politics and don’t vote. None of this, by the way, has to do with insisting that I am (or that other non-GOP-voting libertarians are) the One True Libertarian; it has to do with the fact that you made a blanket statement about libertarian political behavior which actually has nothing to do with the political behavior of many actually-existing libertarians. If you want to sit around and complain about so-called libertarian GOP voters, feel free to do so — I do so all the time, and, hell, I also complain about most so-called libertarian LP voters. But don’t pretend as if this is a meaningful indictment of libertarianism as a philosophy, or the libertarian movement as a whole.
Apparently, once Bush was off the ballot, the Republican Party became significantly less attractive to libertarians.
Actually third party vote totals are affected by a lot of different things, including the fact that absolute number of votes for all parties tends to rise from one election to the next (since the total voting population is constantly growing). It’s also dramatically affected by the peculiarities of the candidate in any given year (Badnarik was a much less competent campaigner than either Browne or Barr), by how many other prominent third party candidates are in the race, by how close the general election is likely to be (slam-dunk elections tend to favor third party candidates, since fewer people are worried about trying to tilt the outcome for their less-hated big party candidate), etc. In percentage terms, Barr’s miserable failure in 2008 was about equivalent to Harry Browne’s miserable failure in 1996; the difference in the interim had little to do with some special fondness for George W. Bush and his “compassionate conservatism” or bomb-the-world antics, and a lot to do with a bunch of minor factors that can have little effects that seem large only because we are dealing with such a small number of voters to begin with.
Punditus Maximus:
There will never be a free market, ever, since one basic assumption of a free market is of participants each with an infinite quantity of information and infinite computation time. Said persons are also perfectly aware of future events (or their probabilities) and are never at any time liquidity constrained. Seriously, the economic models of free markets require this. . . .
No, they don’t. You seem to be confusing the neoclassical general-equilibrium analysis (especially modeling of markets under the ideal conditions of so-called “perfect competition) with free market economics. But these are two separate topics: freed-market economics per se are not the same thing as perfect competition or general equilibrium modeling. Some free market economists make use of the neoclassical modeling; but many, notably those associated with the “Austrian School” in economics, do not, and in fact specifically criticize that kind of idealized reasoning about competitive markets as some sort of frictionless plane. For a broad overview, you might read over the essays in the Austrian School section of David Prychitko’s Why Economists Disagree. In fact, if you look at Mises’ and Hayek’s work on the role of price as a decentralized information network, or Israel Kirzner’s work on entrepreneurship, you’ll find that Austrian economists (typically among the most radical of free-marketeers) generally think that the facts of imperfect information, limited time, and uncertain futures are central to the case for economic freedom (because knowledge problems are inherent in any form of resource allocation, and because the decentralized, trial-and-error processes of the market provide a way to move ahead in spite of uncertainty and ignorance, in ways that centralized bureaucratic planning, which depends on an unrealistic faith in the capacity to discover and aggregate information about people’s wants and needs, cannot).
Libertarians are people who believe that these assumptions could under some circumstances be valid.
If your notion of libertarianism is such that Ludwig von Mises or Murray Rothbard wouldn’t count as a libertarian, then your notion of libertarianism probably needs to be revised.