I have no way of knowing what the creator of the meme actually wanted to convey through it.
All I know is what I make of it.
The ‘Austrian’ will eventually fall. Not only that nobody can stay in the saddle for ever but the guy uses only one hand to steer his bike. And the fact that he doesn’t use a helmet is the second proof that he doesn’t care much for safety. For his safety… At his age, he should have known better!
Hard to argue with Mises – the quintessential Austrian economist, if I remember right.
Specially since I grew up under a communist regime. Where laissez faire was absent and where the government was inept and immoral. Which regime, like all other authoritarian/totalitarian regimes in history, had crumpled under it’s own weight.
But wait!
Countries which use laissez faire had long ago invented the necessary mitigation mechanisms.
The unlucky entrepreneurs can declare bankruptcy and start all over.
The fraudulent entrepreneurs – well, many of them, go to prison.
While the inept and immoral governments get booted. Democratically!
My point being that laissez faire works better if there’s a safety net in place.
And that people should trust their government. But also keep it on a very short leash!
nicichiarasa 