Just Asking Questions

Noah Smith: I Owe Libertarians an Apology

10 snips
May 15, 2025
Noah Smith, an economic commentator and Substack writer, reflects on his evolving views of libertarianism amid rising populism and authoritarianism. He critiques 'thin libertarianism' for failing to incorporate broader societal constraints on liberty. Smith discusses the impacts of tech censorship, the challenges of contemporary tariffs, and the role of industrial policy, especially in health initiatives like mRNA vaccines. He also addresses the positioning of libertarians in modern political discourse, emphasizing the need for deeper exploration of freedom in today's complex landscape.
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INSIGHT

Libertarianism's Historical Purpose

  • Libertarianism arose as a response to the overreach of big government in the mid-20th century.
  • Its role is re-emerging to balance populist protectionism and government control seen today.
INSIGHT

Housing Crisis and Lending Standards

  • Over-tightened lending standards and behavioral conservatism post-financial crisis worsened the housing crisis.
  • Regulation and lender attitudes both contributed to excessive caution needing correction.
INSIGHT

Thin vs. Thick Libertarianism

  • "Thin" libertarianism focuses solely on state coercion, ignoring institutional and corporate constraints.
  • "Thick" libertarianism expands freedom concerns to include social and corporate power dynamics.
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