It seems like you (Robin Hanson) are arguing that Libertarianism (small or big L) is some kind of alternative to rule making, or as I would say it 'believing in your theory'. But my impression -- not extravagantly well informed theoretically, but fairly informed by looking at actual, self styled libertarians -- is that Libertarianism is precisely an anti-theory theory. Terrified of the failures of other rules/models/belief systems, they create a new rule which says that all rules are wrong. The obvious tail chasing is well, what abo... (read more)
On the other hand, I believe that the mortgage crisis was partly caused by the government failing to follow the minimum libertarian rule set-- it didn't punish fraud by the banks.
Echoing Hal Finney...
It seems like you (Robin Hanson) are arguing that Libertarianism (small or big L) is some kind of alternative to rule making, or as I would say it 'believing in your theory'. But my impression -- not extravagantly well informed theoretically, but fairly informed by looking at actual, self styled libertarians -- is that Libertarianism is precisely an anti-theory theory. Terrified of the failures of other rules/models/belief systems, they create a new rule which says that all rules are wrong. The obvious tail chasing is well, what abo... (read more)