There was one Libertarian at SDMB who seemed to have at least a vague grasp of economics (though he delights in false or misleading statistics, fallacies and strawmen) but then I saw this:
I called attention to this in another thread, but was then promptly insulted by one of the stupider Libertarians. I thought I should call attention to it here, so we can all laugh at Mr. Stone.
I’m sure rationalists grasp the inanity of Mr. Stone’s comment at once, but I’ll extend the “reasoning” so it will be clear to any Libertarians who visit the thread.
Libertarian: Speed limits are bad. Let the free market and individual choices determine car speeds.
Rationalist: Perhaps a ceiling of 70 or 80 mph would be good.
Libertarian Stone: Hey, and why not make it 15 mph? Or better 0 mph, then there’d be no accidents at all.
Rationalist: The requirement that banks retain 10% of deposited money seems like a good regulation.
Libertarian Stone: Hey, and why not make it 100%? Then you’re guaranteed the banks aren’t making any loans, bad or otherwise.
We could go on with more parodies of Stone’s “thinking”, but what’s the point? Stone won’t admit how inane his comment was; if he shows up at all it will be to announce that he won’t debate with us until we watch the 12-hour video by Lord Milton. :rolleyes: