Thursday, January 21, 2010

There is no Right Answer

Stefan Molyneux argues in this video entitled "The Myth of the Free Market: Fractional Banking and Private Currencies" that there is no correct answer to many questions, even more so, he makes the case that there is no right answer to any sufficiently complex question (such as education, currencies, financial systems, health care, etc.). This is a valid point. Often I seem to get frustrated because I cannot find a fair, just, environmentally good and efficient solution to a problem. Frequently it seems to be "chose one or the other, but you can't have both". A possible solution might be socially fair, but violates personal freedoms; or it might be democratic but extremely inefficient. Stefan argues that one has to be humble and admit that we do not know the right solution. He argues that we should allow for a framework permitting multiple (all) solutions and letting the people continuously chose individual solutions from the multiple choices. It boils down to the fact that we must eliminate state monopolies and statism. No one answer is the right answer, but the right answer is the infinite multitude of all answers.

PS: I like his example of state planned marriages he brings up in the video.

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