A very good Reason magazine article. The author, Ronald Bailey, explains a distinction between tangible and intangible wealth. Human, social, and institutional capital are forms of intangible wealth.
And while you are at Reason.com, read Sheldon Richman's article on the right to self-defense. It makes a number of obvious points that liberals seem incapable of understanding. Part of the problem, of course, is that liberals live in enclaves in which the truths Richman enunciates are simply not heard. Liberals hang too much with their own ilk. They need to get out more and 'expand their horizons.'
Conservatives are not 'sheltered' in the same way. There is no way a conservative or a libertarian can avoid liberals. Liberals dominate the mainstream media, the universities, the courts, the other branches of government, the entertainment industry, and many mainstream churches. Conservatives and libertarians cannot help but confront liberal ideas.
But what happens when conservative and libertarian ideas are presented to the public via an outlet such as Fox News Network? Liberals scream their pointy heads off in protest. That is clear proof that they are not 'liberal' in any classical sense. They would be better described as left-wing fascists.
How can anybody object to a John Stossel simply presenting his ideas and his arguments? Most of what he says makes good sense. I disagree with his open borders policy and his ideas about drug legalization. He and libertarians generally are dead wrong on those two points. But I don't want to shut him down -- or up. I want to hear his point of view.
One night Stossel hosted a discussion between Pat Buchanan and Reason magazine's Nick Gillespie. Paleo-conservatism met libertarianism. Great discussion. Are you going to find something like that on MSNBC? They dumped Buchanan. Leftist scumbaggery!
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