I struggle to hold my own in verbal debates with people who think radically differently to me. It’s easy to be distracted from my point by constantly having to correct misconceptions.
I keep meaning to write dialogues — imaginary debates in which I rehearse my arguments. This is a start, .
The thing about economics is most people think it’s about money supply and inflation and defecits and that there are formulae that relate these things and that the whole thing works like that computer with the pipes. This stuff is impossible to debate. The nice thing about Austrian economics is you can talk about it.
So where to start? Let me try this:
A: The government is cutting jobs in the public sector. This will ruin the economy and cause a double-dip recession.
B: You can’t spend the same money twice.
A: Yes you can, money just goes round and around.
B: What I mean is, *you* can’t spend the same money twice. Let’s say I run a cake shop. I am forced at gunpoint to give you £100. You spend that £100 on buying my cakes. How has this helped the economy?
A: There are more cakes in existence than there otherwise would be. The world is richer.
B: The number of cakes I can make is fixed. I would have sold them to someone else and I would be £100 better off. Or, I would learn that nobody wants my cakes and I would find something to make that people *do* want.
A: But if I don’t get your £100, I will be unemployed and not doing any useful work.
B: The work you do can not be very useful if you can’t get people to pay for it voluntarily.
A: The work I do in the public sector will improve the quality of the transport infrastructure, thereby enabling you to get ingredients for your cakes more cheaply.
B: Yes, but if you were unemployed, I would still have my £100. I might use it to buy a better cake-making machine that will help me make cakes more cheaply. Or I might invest it in a transport infrastructure company.
A: How is that different?
B: Well, apart from the irrelevant (for the purposes of this discussion) fact that there is less violence involved, perhaps I might be better placed to decide how to spend my £100 than you. I might be better able to cut the cost of cake-making because I understand the business of making cakes.
[At this point the discussion veers off into the question of why distributed decision making is better than centralised control. Also, the parenthesis above is why I don't think of myself as a *consequentialist* libertarian. I would be opposed to the violence even if centralised control was more efficient.]

