Otherwise, I will add, our hope is that, when public policies violate our rights to be secure in our persons and our property, public opinion will change upon the demonstration of the disastrous consequences of those policies, in terms, yes, of poor economic performance, but also in terms of political conflict and social upheaval.
The "art of central banking" is the art of pretending to know what one does not know. Not only is it not a science; it is not even an art. At best it is alchemy; at worst it is a gigantic cheat.
As I have written elsewhere, I normally cringe when I read the Economics secti
Thus, we are left with the prospect of Congress forcing us to use less fossil-based fuels (which are cost-effective and efficient) and replace those fuels with government-approved fuels, which are prohibitively expensive and inefficient.
It is no coincidence that many who oppose immigration also oppose free trade, support the war on drugs, and repeatedly suggest as remedies for every social ill more prisons, more regulations, more prosecutions, more fines, and more government.
We don't have capitalism in New Orleans or anywhere else, of course. Only government can grant monopoly privilege to put obstacles in the way of people getting what they need.
Unfortunately, this first essay failed to shine any light in the darkness because he is using advanced mathematics — econometrics — in an attempt to explain human beings.
He has chosen the wrong tool for the job.
