A CBS News poll finds that a majority in each of three groups -- Democrats, Republicans, and "independents" -- favors government-imposed price controls.
The affordability problem is not an excuse for this level of stupidity.
University of Massachusetts economics professor Isabella M. Weber is excited about these poll results: they represent, she says, a "vote of no confidence in market fundamentalism.” (Lady, trust me, if we were living under “market fundamentalism,” you’d know.)
On October 20 she will release her book Anti-Fascist Economics.
For Isabella M. Weber, “fascist economics” is free-market economics. The “anti-fascist economics” she peddles is society-destroying nonsense refuted by every sane person over and over again for hundreds of years.
Any damn fool knows what price controls do, and I’ve explained them too often to bother going over it again.
The economics of Isabella M. Weber comes about after interventions into the market have done their predictable damage. Then, geniuses like her propose to use violence to undo the consequences of the interventions, rather than simply overturning the interventions themselves.
Now Isabella M. Weber could lead by example, if she really wanted to, and impose a price control on her $32 book to bring it down to $1. Let’s hold our breath waiting for her to do that.
Sadly, this kind of person is not going away. If anything they're ascendant, since a majority of every polled group now wants the state to set prices by force. That's not a fringe position anymore. That's the country.
So the question for you and me isn't how to win that argument. I've been having that argument for thirty years, and I'll keep having it. But in terms of economic knowledge among the public, we’re going backwards.
The question is how you arrange your own life so that when these people get their way — and in various respects they will — you're not the one standing there with nothing.
And the thing about a one-person operation is this: it's the hardest thing in the world to interfere with.
There's no payroll department to regulate, no storefront to inspect, no union to organize, no factory for the Bolsheviks to seize, no headquarters. Just a person who knows something, and other people who want to know it, and an arrangement between them.
You can serve people in six countries, or three, or one. Your costs are so low that a bad year is an inconvenience rather than a catastrophe.
Does it make you invulnerable? Of course not. Nothing does. But of all the ways to earn a living under the conditions these people are building, this is the one that gives you the most room to maneuver — and, not incidentally, the one that lets you say what you actually think without a boss or a woke HR department deciding you've become a liability.
That last part matters more every year.
Last night I ran an encore presentation of my session on exactly how to build and operate this kind of solopreneur, laptop-based business, and I have a replay for a very limited time.
Every step, start to finish. I assume you know nothing going in, because most people do, and no school anywhere is teaching this.
It's free, and there's nothing left out. There's no "I've told you 75%, but you'll need to pay me $X for the other 25%." At the end you will have all the information.
But it's coming down soon, and then that's it, so click to watch:
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