Legislators, Know Thy Limits

A certain legislator wished to make his state great via technology. My reply: Technology is hardly the forte of the legislature. There are fundamental differences between a body of random people whose sole qualification is the ability to get voted into office, and entrepreneurs, who risk their own skin in the game, rather than risking… Continue reading Legislators, Know Thy Limits

Advertisements

Fully Automated Luxury Capitalism

( Another episode from my Great Unfinished Novel. ) I'd extended my visit with friends at La Casa de la Paz as long as I could. After a week, it was time to return to the States, there to request a sabbatical and arrange for the transport or disposition of my books and other worldly… Continue reading Fully Automated Luxury Capitalism

No Such Thing As Free School

Remember the saying? There's no such thing as a free lunch? This is true for all "free" goods provided by the government. First off, obviously, taxpayers cover the costs. Second, government is seldom or never the most efficient provider of services. But most importantly, "free" school (the topic of this article) comes packaged with a… Continue reading No Such Thing As Free School

Lies, Damned Lies, and Aggregates

Robert Higgs - one of our most underrated economists - wrote In economic theory, a high level of aggregation conceals a multitude of sins. The more removed a concept is from genuine, individual, economic choice, the more misleading it is likely to be. The highest-level aggregates, such as GDP, are almost impossible to invest with… Continue reading Lies, Damned Lies, and Aggregates

A Deficit of Proper Language

The words and phrases we use shape our thought. Bad language can lead to bad policy decisions. Daniel B. Klein and Donald J. Boudreaux take aim at a deeply misleading phrase: "trade deficits." Deficits sound bad. But deficits look only at part of a trade: the units of account, or dollars in the United States. What… Continue reading A Deficit of Proper Language

Freedom Zone Confronts City Council

"Let's bring this meeting to order," said the Mayor. "Order, please." He banged the gavel. Quiet emerged in the packed City Council Chambers. Cameras flashed. "All right, to begin, this is a highly informal meeting, at the request of a group which calls themselves the Freedom Zone. This group, and the area where they reside,… Continue reading Freedom Zone Confronts City Council

Politics Applies To Thee, Not Me

At a standard political hot-air snoozefest, a typical politician was making the usual empty promises that his inspired plan for spending taxpayer dollars would bring huge economic and cultural benefits to the rest of us. Magic Multipliers, right? I turned to a fellow standing next to me, who happened to be a lawyer, and remarked… Continue reading Politics Applies To Thee, Not Me

Liberty: Enemy of Crony Capitalism

Quite understandably, most people now deeply distrust the government. Many of these same folks have become aware of the extent to which crony capitalism - an unholy marriage of State and private interests - impedes and impoverishes their lives. Up to this point, libertarians such as myself can say "welcome to the club." But here things oft… Continue reading Liberty: Enemy of Crony Capitalism

Home Education: Public Benefit?

Random comment from the 'Net: "I think a tax break for home schooled families is a great idea. However, you forget that we live in a community, and no man is an island. Those families do benefit from living in a community where others are educated." Whoa! This argument cuts both ways: the community arguably… Continue reading Home Education: Public Benefit?