I read that Mike Huban website and was fed up with one myth after another–literally thousands of them. So I started a thread to expose common, dime-a-dozen myths about libertarianism that seem to be repeated like a broken record. Feel free to add myths of your own.
Myth #1
Libertarians are merely shills for unscrupulous corporations and corporate power.
Answer: Corporate power is mainly the result of monetary inflation and artificially-low interest rates caused by–you guessed it–the government’s central banks. All the extra dollars drive up prices for goods and services, but also drive up share prices at the same time (see chart). This one-two-punch increases corporate power drastically. Add that to the fact that artificially low interest rates encourage consumption and discourage saving. Corporate power would be greatly reduced under a gold standard. Under a gold standard, corporations and other businesses could only make a profit by creating value. Imagine that.
Of course there are other ways the government increases corporate power (through intellectual property, eminent domain, military contracts, direct bailouts, blocking competition, etc.).
Myth #2
A free market would lead to a enormously disproportionate distribution of wealth. We need governments to fix it.
Answer: See Myth #1.