Guy said:
Bob said:
Actually, it's a well-known example used by the economist Milton
Friedman. I just spiced it up a bit.
...and by doing so you lost the core meaning[1]. You also failed
to mention that Milton Friedman was quoting Leonard E. Read.
My quote sounds almost identical to the quote of Friedman in that link I
posted. I had actually read the example in a couple of other books.
I heard the story originally in a book by Thomas Sewell, who I believe
was a student of Friedman at Harvard. However, Friedman used the example
in an NYT oped, which I linked upthread. It's an effective example of
the invisible hand, which is exactly why I was using it. It shows that
if one attempts to control things with arbitrary rules, one inhibits
larger and more subtle effects. This is also the point that Friedman was
attempting to make, which is that the Soviet Union, by attempting
centralized control, was interfering with the positive feedback (the
'invisible hand') which allows efficiency.
The article you posted by Read also has the quote: "The lesson I have to
teach is this: Leave all creative energies uninhibited". That is what I
had hoped to convey with the example. Using a backdoor policy to impose
moderation on this group is, in my opinion, an attempt to inhibit
creative energies.
[1] As evidence of this, I predict that Rich, who disagreed
with your "spiced up" version, will pretty much agree with
the original work.
Rich is a Libertarian. However, to my knowledge, he has not claimed any
real expertise in economics. I was simply parroting something I'd read
in one of the many popular books on economics that I've read over the
last few years. However, I have never claimed to be an economist.
By saying that my post "lost the core meaning" of the original, however,
you seem to be claiming to both understand the original argument, and to
know how I went off the rails with my posting. I challenge you to back
up this assertion, rather than just taking a pot-shot at me and running
away like some frightened child. The reason I hang out here is that I'm
interesting in learning things.
The original is preserved above.