“Summer” Rerun: Journey into a Libertarian Future: Part I –The Vision

Yves here. In some summers past, we’ve rerun NC classics during slow news periods. We haven’t had slow news period in a while, and one side effect is that we haven’t yet reprised this series on libertarianism, which will run this week and into next week. Enjoy!

This post first appeared on November 29, 2011

By Andrew Dittmer, who recently finished his PhD in mathematics at Harvard and is currently continuing work on his thesis topic. He also taught mathematics at a local elementary school. Andrew enjoys explaining the recent history of the financial sector to a popular audience.

Simulposted at The Distributist Review

Recently journalist Philip Pilkington has interviewed authors with unconventional perspectives on economic issues, including Satyajit Das and David Graeber. I thought it would be fun to interview someone too – but the man I interviewed uses a pseudonym. This is a six-part series.

ANDREW: Some people say that you represent a fringe view, and so interviewing you is a waste of time.

CODE NAME CAIN: If people obsessed with inside-the-Beltway conventional wisdom underestimate libertarians, so much the better.

ANDREW: Can you give any evidence that your ideas are taken seriously?

CNC: Well, people used to think that the financial crisis was caused by antisocial behavior in the finance sector. In September 2007, Tom DiLorenzo pointed out on the Lew Rockwell website that the crisis was actually the result of the government forcing banks to make risky loans to low-income borrowers. Although initially ignored, DiLorenzo’s thesis is now widely accepted among careful observers.

ANDREW: Is that your only convincing

Keep reading this article on Naked Capitalism (Yves Smith) - Blog.