About: Laser-Faire Economics   Sponge Permalink

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Since its inception, Laser-Faire theory has come under constant attack from both the Left and the Right. Libertarians maintain that lasers are best used in private hands, arguing that the poor cost-to-benefit ratio of the Death Star and the awful marksmanship of the Storm Troopers shows that public ownership of laser-capital is leads to inefficienct use. Socialist theorists argue that, over time, lasers tend to become concentrated into a relatively small number of hands, thus increasing social inequality. And, of course, Keynesians argue that the whole theory is quite stupid, and consists of nothing but grown adults who should know better making laser noises, and anyway, why doesn't anyone talk to the Keynesians anymore, do our breaths smell or something?

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  • Laser-Faire Economics
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  • Since its inception, Laser-Faire theory has come under constant attack from both the Left and the Right. Libertarians maintain that lasers are best used in private hands, arguing that the poor cost-to-benefit ratio of the Death Star and the awful marksmanship of the Storm Troopers shows that public ownership of laser-capital is leads to inefficienct use. Socialist theorists argue that, over time, lasers tend to become concentrated into a relatively small number of hands, thus increasing social inequality. And, of course, Keynesians argue that the whole theory is quite stupid, and consists of nothing but grown adults who should know better making laser noises, and anyway, why doesn't anyone talk to the Keynesians anymore, do our breaths smell or something?
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  • Since its inception, Laser-Faire theory has come under constant attack from both the Left and the Right. Libertarians maintain that lasers are best used in private hands, arguing that the poor cost-to-benefit ratio of the Death Star and the awful marksmanship of the Storm Troopers shows that public ownership of laser-capital is leads to inefficienct use. Socialist theorists argue that, over time, lasers tend to become concentrated into a relatively small number of hands, thus increasing social inequality. And, of course, Keynesians argue that the whole theory is quite stupid, and consists of nothing but grown adults who should know better making laser noises, and anyway, why doesn't anyone talk to the Keynesians anymore, do our breaths smell or something? The great laser-faire economist Gene Roddenberry responded to all of these criticisms together with what he called the Zwwweeeeeeeee - POW! argument which many consider irrefutable.
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