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Tuesday, November 2, 2010

What is a libertarian?

Because government is clearly inefficient, wasteful and incompetent and providing basic services, I believe libertarianism will become the future of both the Democrat and Republican parties. Libertarians stand for limited government - in our homes and in our pocket books. This includes free market capitalism and a defense of private property.

The future debate, I believe, will be on how much we should limit our government and how to manage collective externalities. For example, As I see it, it will be a debate as to whether welfare should be eliminated or privately managed (rather than managed by government).

In the video above Nobel Prize winning economist Milton Friedman talks about libertarianism. This should clear up some misconceptions that have floated around the media (especially in the Las Vegas Sun).

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