This image popped up in my Facebook news feed some years back. I can’t even find the originating image for it, it has been that long ago and had so little impact. I had several thoughts at the time which I lined out as bullet points. A rather lengthy breakdown for what is a five-minute throw-away joke image for Facebook.
Still. I know there are thousands, possibly even millions that would laugh at that joke. I in my previous libertarian persona would have probably accepted it as wryly humorous fact, which is precisely why I took the time to break down the many heuristical errors present in just thinking the observation true enough to be funny.
Not satisfied with wasting an hour or two breaking down a meaningless joke image once and filing it away, I have now spent even more time writing a lengthy post about it, proving the tagline of this blog is accurate.
As to the offered definition of government itself. You can believe any fool thing you want including that gravity doesn’t exist because it is a theory. I wouldn’t suggest jumping off buildings if you do, even though Douglas Adams describes learning to fly as throwing yourself at the ground and missing. Never mistake a joke for something that is true or actually possible. The image is a joke, it just isn’t a funny joke.
Government cannot actually defy science because government cannot change the laws of nature. That is why pi remains an irrational number most accurately described as 355/113 even though several governments have mistakenly believed they could change it. Math is always going to be math and 2+2=4 is true for every instance of reality as we know it. Do not throw the word quantum at me as a counter-argument because I will know that you are stupid if you do.
Economics really isn’t a science in much the same way and for the same reason that psychology is only vaguely a science. Both are in part human constructs held as beliefs within human minds. Therefore “laws of economics” are more rules of thumb than actual laws.
In short, even if there are laws of economics, we haven’t been observing them for long enough to know what they actually are. And given the vagaries of human behavior and the mercurial nature of states, people and institutions, the notion that there’s some grand mechanistic, master system that explains all and predicts everything is at best a comforting fiction and at worst a straitjacket that precludes creativity, forestalls innovation and destroys dynamism.
Referencing “the laws of economics” as a way to refute arguments or criticize ideas has the patina of clarity and certainty. The reality is that referencing such laws is simply another way to justify beliefs and inclinations. I may agree that the war on drugs is flawed, but not because it violates “laws of economics,” but rather because it fails in most of its basic goals. The test of whether government spending or central bank easing is good policy should be whether they succeed in ameliorating the problems of stagnant growth and high unemployment, not on what the “laws of economics” erroneously say about certain future outcomes.
The Atlantic, The Laws of Economics Don’t Exist
As an example, one can continue to print money without limit so long as the money isn’t allowed to collect anywhere in a volume large enough to break the system. People will continue to use and spend money blithely believing whatever they want to believe about the system they are part of so long as the system continues. That is the beauty of the human animal and its selective cognition machine that we call a brain. We only tend to notice structures when they fail, and then we marvel at the complexity of the system that functioned so well we never noticed it until it was gone.