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Oren Cass, Founder and Executive Director of the American Compass, joins Reaganism to discuss his organization’s mission to save American conservatism from what he calls its “chronic case of market fundamentalism.”
Episode Notes
The Return of Conservative Economics | National Review
This Is No Time to Go Wobbly on Capitalism | Wall Street Journal
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Some things I had been thinking about recently.
1.) Does Bell Labs exist and have the freedom to invent the publically available world we have today if ATT isn’t a public monopoly.
2.) A lot of criticism of the transcontinental railroad is that the guy who went second did it cheaper, but does he go second without the government hiring it done first.
3.) Same with some massive steam powered thing in the 19 century. The first guy was financed by congress, but the guys who went second did it cheaper. But does the guys who went second go at all if the government didn’t move first.
4.) George Friedman makes a rhetorical point that all the components of an Iphone were first developed for a defense project.
I think that the idea that market efficiency is the penultimate good, is one that I have come to question. It is a good and can’t be dispensed with lightly, but there are other considerations.