Libertarians are people who have principles centered on the idea of individual liberties, but then drop those “principles” (the quotes are absolutely intentional) when it’s convenient for them.
The SVB failure is exhibit #43,892. Libertarians believe 100% in market-driven solutions, right up until they need FDIC insurance -- and not just need it, but actually demand protection beyond the stated FDIC limit.
Just like there are no atheists in foxholes, there were no libertarians during the run on Silicon Valley Bank.
Thank you Christopher. Now I understand, I think, what an old friend of mine was always talking about. He died several years ago, which is too bad, because it was fun to argue with him about politics. I’m an old Republican who has turned into an old Democrat.
Libertarians are people who have principles centered on the idea of individual liberties, but then drop those “principles” (the quotes are absolutely intentional) when it’s convenient for them.
The SVB failure is exhibit #43,892. Libertarians believe 100% in market-driven solutions, right up until they need FDIC insurance -- and not just need it, but actually demand protection beyond the stated FDIC limit.
Just like there are no atheists in foxholes, there were no libertarians during the run on Silicon Valley Bank.
Thank you Christopher. Now I understand, I think, what an old friend of mine was always talking about. He died several years ago, which is too bad, because it was fun to argue with him about politics. I’m an old Republican who has turned into an old Democrat.
Disappointed at the end to not find out what Lisa and Mike ate for brunch. Details matter!
I feel much more informed about Libertarianism. And footnotes. It was definitely an okay answer.