Dan Mitchell agrees with me as usual ;-)
Ron Paul has made “End the Fed” a popular slogan, but some people worry that this is a radical untested idea. In part, this is because it is human nature to fear the unknown.
But there are plenty of examples of policy reforms that used to be considered radical but are now commonplace.
- Statists used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax system.
- Leftists used to argue that personal retirement accounts were impractical, but dozens of nations now have this common-sense reform, ranging for Australia to Sweden.
- Self-styled progressives used to say that air traffic control system needs to be a government monopoly, but our Canadian neighbors privatized their system and now have more safety and efficiency.
- Defenders of the status quo used to claim that school choice was a radical…
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