The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. – F.A. Hayek
Posted in Classical Liberalism, Constitution, Government Thuggery on Oct 4th, 2011
Just imagine how a “free-market” police and court system would destroy our rights! They’d probably impose ghastly rules on us like, “if a crime occurs on your property, the corporation can seize the property as if the property itself were a criminal.” And then when seized, it will not compensate you, the innocent owner, and [...]
Posted in Classical Liberalism on Oct 3rd, 2011
Here is Leon Louw via David Henderson: Switzerland is the only country in the world where politicians lobby the public. Why? Because voters can overturn any law and any administrative rule Old ideas I tell ya, old ideas.
Posted in Classical Liberalism, Taxation, You Can't Have it Both Ways on Sep 30th, 2011
Let’s recall the basic argument we are addressing: the reason the rich should pay more in taxes is that they were only able to earn their income by hiring people that went to (taxpayer funded) public schools, employ people who drove on (taxpayer funded) public roads and otherwise could not do what they do were [...]
Posted in Central Planning, Classical Liberalism on Sep 29th, 2011
If I were to list some problems with modern American society and include on that list these items: Excessively large numbers of people relegated to prisons. Many of them are not real criminals, and the prisons are so overcrowded and budgets so tight that states have turned to outsourcing some of the work to private [...]
Posted in Classical Liberalism, Politics, Taxation on Sep 23rd, 2011
I’ve finally tired of hearing poorly thought out arguments for why the rich should pay more in taxes than everyone else. So as to not make any one post run on too long, let’s do these as a series of short posts. Let me say at the outset that: I understand that nothing I will [...]
Posted in Classical Liberalism on Sep 22nd, 2011
Only minutes after I posted a link to Megan McArdle’s good observation on how doing something about millionaires in particular is impossible without violating the rule of law (Hayek wrote extensively on this in the Constitution of Liberty) now we see the truth for what it is in my old state of Taxachusetts: Eventually the [...]
Posted in Classical Liberalism, Government Gone Wild on Sep 13th, 2011
In which I tick off some friends, but this is a freaking atrocity, a horror show, an embarrassment. I thought by the way that the President was going to change all of this garbage – it would have been a reason for me to vote for him. In the aftermath of my events on Sept. 11, [...]
Posted in Classical Liberalism, Economics Problems on Jul 23rd, 2011
Since participating in a year-long seminar on the major works of Hayek I have decided to continue reading some of his less known works. I have been especially intrigued by the more personal of his writings, many of which can be found in the later years of his life. The following is from his speech/essay, [...]
Posted in Classical Liberalism on Jul 12th, 2011
A student of mine refers me to this conference video from Cornell University. Here is the relevant piece (it’s about at the 3:45 mark): Consistent with his view that the world will soon run out of oil and natural gas, Berman has put himself on record, as recently as this spring, in support of a [...]
Posted in Classical Liberalism on Jul 4th, 2011
I had a long post lined up for today, then decided to shut up. Happy 4th of July everyone. It’s a day truly worth celebrating. When you take time to read the Declaration today, which I hope you do, be sure to read the entire thing. I’ll leave you the famous second paragraph (actually the [...]
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