The Lonely Goatherd Blog And before him shall be gathered all nations: and he shall separate them one from another, as a shepherd divideth his sheep from the goats - Matthew 25:32
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November 12, 2008
PJ O'Rourke explains the free market PJ O'Rourke does serious reporting and analysis as a humorist, but between his classic clever metaphors, his new Weekly Standard piece on the 2008 election fallout has more weeping and nashing of teeth than about any other conservative post-mortem I've seen. He's really putting on the sackcloth and ashes for the supposed "conservative" movement.
It's not the flagellation part, but I was particularly struck by this useful analogy that people should understand and remember, explaining that free markets are not an ideological entity, but just scorekeeping.
The free market is just a measurement, a device to tell us what people are willing to pay for any given thing at any given moment. The free market is a bathroom scale. You may hate what you see when you step on the scale. "Jeeze, 230 pounds!" But you can't pass a law making yourself weigh 185. Liberals think you can. And voters--all the voters, right up to the tippy-top corner office of Goldman Sachs--think so too.