Argumentative Synthesis Outline

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Liberty University *

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Apr 3, 2024

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Kramer 1 Carson Kramer Mr. Emerick English 101: Period 3 9 December 2021 Argumentative Synthesis Outline Outline 1. Thesis a. Based on ideals of limited government intervention in the free market, the economic platform of the Libertarian Party fails in its radical reversion to failed economic theory, unrealistic expectations towards banking regulation, and over- attachment to its fundamental ideals of rational thought. 2. Body Paragraphs a. Laissez-faire and its Downfalls i. Laissez-faire implementation in the 1920s 1. “Rugged Individualism” and it’s worsening of the Great Recession (source TBD) ii. Laissez-faire Libertarian approach in the government today (Weisberg) b. Banking Regulation i. Definition of Libertarian approach to banking (Gordon) ii. 2008 Financial Crisis (Weisberg) 1. Libertarian ideals of neglecting banking that lead to the crisis 2. The lessons not learned by the 1997-98 financial crisis c. The Rational Economic Model and it’s Neglect
Kramer 2 i. 1700’s Roots of Rational Economic Theory (Goode) 1. The flaws in those assumptions ii. The Libertarian reliance on greed-based interests and rational thoughts (source TBD) iii. Dr. Kahneman and Dr. Tversky work on Behavioral Economics (Goode) 1. Experiment examples reflecting rational vs emotional risk 3. Conclusion a. Restatement of thesis b. Summarization of major points in each body paragraph c. Closing sentence Works Cited Goode, Erica. “A Conversation With Daniel Kahneman; On Profit, Loss and the Mysteries of the Mind.” The New York Times , NYTCo, 5 Nov. 2002, https://www.nytimes.com/2002/11/05/health/a-conversation-with-daniel-kahneman-on- profit-loss-and-the-mysteries-of-the-mind.html . Accessed 8 Dec. 2021. Gordon, Jesse. “Libertarian Party on Budget & Economy.” OnTheIssues - Every Political Leader on Every Issue , OnTheIssues.org, 5 May 2021, https://www.ontheissues.org/celeb/Libertarian_Party_Budget_+_Economy.htm . Accessed 8 Dec. 2021. Weisberg, Jacob. “The Libertarians’ Lament.” Newsweek, vol. 152, no. 17, Oct. 2008, p. 45.
Kramer 3 EBSCOhost , https://search-ebscohost-com.ezproxy.hacc.edu/login.aspx? direct=true&db=a9h&AN=34904811&site=ehost-live&scope=site .
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