Ancapedia

Well No ‘Proper’ Statesman…

The ‘No Proper Statesman‘ is a fallacy akin to the ‘No true Scotsman‘.  It is an ad hoc attempt to retain an unreasoned assertion.  When faced with a counterexample to a universal claim (“States do not violate individuals’ rights”), rather than denying the counterexample or rejecting the original claim, the user instead modifies the original assertion to exclude the specific case or others like it by rhetoric, …

Repealing Glass-Steagall Did Not Lead to the Financial Crisis

Theories abound about the causes of the Financial Crisis of 2008, and “deregulation” is commonly indicted as one of the main culprits.  With few relevant changes to financial regulation to point to, the so-called “dismantling of Glass-Steagall” is invariably cited as evidence, but the claim doesn’t stand up to scrutiny.  In the words of one commenter: …