I recently read a phrase that will stick with me for a long time. Ludwig von Mises spoke about the gospel of irrationality. I think we live in the time of irrationality where people, for reasons that are not easily explained, believe in things that just don’t make any sense. If you believe the government can run things better than private individuals, that is irrational. Just take a look at Cuba, North Korea, Vietnam, China, and the former Soviet Union. Are these countries that prospered? Of course not. They are countries that suffer or suffered from chronic shortages of goods and services. They were decades behind other freer countries. What is the one thing they held in common? They were run by strong central governments who planned their economies. The government ran everything. Individuals had very little say in their lives. The gospel of raionality says that it only makes sense to think that government does things better than individuals. I found a recent articles that exposes a little of this irrationality. There might be people that believe the government does things better, but it isn’t rational. I choose to not believe in the gospel of irrationality.
Read the article here.