> The lower pay of fire fighters and school teachers simply reflects the happy reality that we’re blessed with a much larger supply of superb first-responders and educators
I was joking a while back saying "free market" in US is like a religion. Someone pointed out American Civil Religion as a phenomenon: https://en.wikipedia.org/wiki/American_civil_religion . I guess it mostly overlaps with Libertarian-ism but but I think it can be identified separately.
It basically means we solve problems not thinking about the direct solution: how to fight fires, how to teach children better, how do we not let people go into medical bankruptcy. Instead, we always answer "how will this make the Free Market God happy?" If it doesn't we don't do it.
In this case it is "Teachers are at the bottom of the ladder for desirable jobs after college? That's fine, move along". This is what make free market happy, it is clearly decided for us.
Same with people going bankrupt because they went to a hospital for a night. Nationalizing medical care would incur the wrath of FMG. So to appease it we jump through complicated hoops with Medicare, Medicaid, shuffle money around between insurers, hospitals, doctors in a complicated and hard to track way.
The Mercatus center at GMU is nothing more but a think tank for right wing shills who will do anything to promote the status quo and supply-side economics. These people have no integrity or value as economists.
I was joking a while back saying "free market" in US is like a religion. Someone pointed out American Civil Religion as a phenomenon: https://en.wikipedia.org/wiki/American_civil_religion . I guess it mostly overlaps with Libertarian-ism but but I think it can be identified separately.
It basically means we solve problems not thinking about the direct solution: how to fight fires, how to teach children better, how do we not let people go into medical bankruptcy. Instead, we always answer "how will this make the Free Market God happy?" If it doesn't we don't do it.
In this case it is "Teachers are at the bottom of the ladder for desirable jobs after college? That's fine, move along". This is what make free market happy, it is clearly decided for us.
Same with people going bankrupt because they went to a hospital for a night. Nationalizing medical care would incur the wrath of FMG. So to appease it we jump through complicated hoops with Medicare, Medicaid, shuffle money around between insurers, hospitals, doctors in a complicated and hard to track way.
> George Mason University, Fairfax, VA
Ok, that makes sense.