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Cato Podcast

Central versus Individual Planning

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 18 April 2014

⏱️ 21 minutes

🧾️ Download transcript

Summary

The impulse to trust experts and vest them with the power to make decisions for us gives rise to central planning's worst abuses. It's a powerful impulse that freedom's champions must work to overcome.

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Transcript

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0:00.0

This is the Cato Daily Podcast for Friday, April 18th, 2014.

0:05.0

I'm Caleb Brown.

0:07.0

To win the Battle of Ideas, freedom's defenders will have to overcome the persistent impulse to vest experts with power, but the history of giving

0:15.4

experts vast powers over us isn't a happy one.

0:19.2

Journalist and Fox News host John Stossil discuss the broad record of markets versus government

0:24.8

planning at the Cato Institute's Benefactor's summit in February. I don't

0:29.8

think we've won the battle for hearts and minds because when there's a problem

0:33.8

instinct is always we got to have some expert address it. After 9-11 we got the

0:40.2

Department of Homeland Security and all that excess, the Senate voted a

0:44.2

hundred to zero to create the TSA. It's intuitive maybe because we grew up in

0:50.4

families where parents made decisions for us or from evolution because we

0:56.5

our ancestors lived in tribes where if you didn't do what the elders said and

1:01.4

harvest the fruit at the right time, you died and they didn't

1:05.9

live long enough to give birth to the people who gave birth to you.

1:10.5

So we're programmed to trust leaders.

1:14.0

And as I say the invisible hand, it's hard to grasp.

1:18.0

I like Hayek's spontaneous order better.

1:21.0

But even that's hard to get your brain around, but and even that you don't trust. If you'd never seen a skating rink, and I said to you, I'm a businessman, you're the regulators.

1:35.0

Should this be allowed? I want to run this business where I charge people money to come into my arena

1:40.0

and they're going to strap sharp blades to their feet and zip around on the ice, young and old, skilled and unskilled.

1:48.0

And the only rule is go counterclockwise.

1:52.0

You would say no we need skating police we need some laws. Our

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