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"The greatest fallacy of the classical liberals was their assumption that a constitutionally limited state government was necessary."
Marx was wrong about the basics of value and exchange — and thus was wrong about the relationship between owners and laborers.
Capital and Interest TheoryPolitical Theory
Critics of capitalism are often confused by the difference between political and economic power.
It is instructive to consider what a sensible anti-inflationary legislative program would be like if we could get it.
Is it possible to represent a constituency of people who hold varying and diverse opinions without betraying some of those same constituents?
Taleb contends that you shouldn’t put someone else’s skin in the game without putting your own in it as well.
Taxes and SpendingU.S. HistoryPolitical Theory
And yet I feel obliged to withhold my approval ... [for] the appropriation of public funds...
U.S. HistoryPolitical Theory
It is a common fallacy that if a person is successful in business, they will be a good politician. This is dangerously naive.
World HistoryPolitical Theory
There's no reason to believe choosing representatives through a lottery system or "by chance" is worse than what we have now.
I hope to correct a persistent misunderstanding about Mencken's economic and political ideas.