Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative.
At best, police data shows four in ten murders in America are never resolved and no suspect is convicted. Lesser crimes have even fewer resolutions. And if we look more closely, things look even worse.
The Fed could certainly encourage more price inflation if it wanted to. But it seems the real goal is not steady inflation, but support for the financial sector.
In a free market, goods pass to those who are willing to pay the most to get them. A legal system that allows people to bid against each another for the goods they want displays equal concern for its citizens.
The Left continues to attack classical liberalism (although they now call it "neoliberalism") precisely because it's the liberal ideology that continues to provide the most consistent opposition to the leftist program. If liberalism had failed, the Left wouldn't still be attacking it.
Michael Sandel doesn't like capitalism. But he can't seem to manage an economic argument for why. He's content to claim that capitalism is morally corrupting, converting anticapitalism into a sort of pseudoreligious faith.
