Do you want to hear some really bad news? I mean dauntingly bad, horrifyingly bad, news so bad you could spend days or even weeks ruminating on it, worrying about it, desperately praying for it not to be true.
Are you ready? Here goes:
While you might have heard that the national debt in the United States is approaching $14 trillion, the actual unfunded liability of all American governments exceeds $125 trillion.
Stupefying, ain’t it?
And stupefying is precisely the right word, since news like that brings out the stupid in people. Nothing enervates the chicken in Chicken Little like a weather report predicting falling skies. If you find yourself in the business of selling advertising or shrieking treacly books or quack nostrums to Chicken Little, it behooves you to hire yourself some weathermen. Worked for Al Gore, didn’t it?
Am I being cynical? Not so much. Mainly I’m just being old.
I am an old libertarian. Not an old man, I hope, though of course I’m not getting any younger. But I have been a very radically committed libertarian since I was 19 years old, and an anarcho-capitalist since I was 24. I have been swimming in this ocean for 30 years, where many folks all over America are just now daring to wet their toes. I can defend the proposition that I am the first consistent theorist of both rational egoism and market anarchism, but, leaving that claim aside, it remains that I have been a libertarian for a long, long time.
Why does that matter? Because I’ve seen the gravely-predicted collapse of the starry firmament before. More than once. More than twice. More than a dozen times. It does seem plausible to me that the-world-as-we-know-it will someday come to an end. But with every passing day, I become more resolved in the belief that that day will not be tomorrow, regardless of the breathless weather reports.
It’s like this: New libertarians can be excitable. You’ve lived your whole life in an eyes-glazed-over sleep-walking state, and then, all at once, you wake up. The precipitant cause might be Atlas Shrugged or a John Stossel TV special or Read more