Is libertarianism a fantasy?Submitted by Jao171 on Tue, 08/12/2014 - 12:17
Paul Krugman, columnist for The New York Times and all around coercion-loving madman, wrote an op-ed in the NYT yesterday where he mocked libertarianism as a “foolish fantasy.” Krugman pulled out a few common strawman arguments in order to fortify his position as a believer that governments can only work when they operate without the consent of the people they govern.
Krugman used government regulations on phosphorus that are intended to prevent water contamination as an example that he claims proves unequivocally the need for intrusive, coercive government.
Paul Krugman on phosphorus and freedom in The New York Times:
… But I’d like to ask a different question: Is libertarian economics at all realistic?
The answer is no. And the reason can be summed up in one word: phosphorus.
As you’ve probably heard, the City of Toledo recently warned its residents not to drink the water. Why? Contamination from toxic algae blooms in Lake Erie, largely caused by the runoff of phosphorus from farms.