Other Schools of Thought

Economists demonstrate that the various measures of government interference with market phenomena do not produce the results aimed at by the governments resorting to them.

"Libertarianism is rejected by the modern Left — which preaches individualism but practices collectivism. Capitalism is rejected by the modern Right — which preaches enterprise but practices protectionism."

Davidson seems oblivious to the fact that money has a purchasing power.

All conservative socialist systems — such as feudalism, monarchies, Nazism, and the Republican Party — lead to impoverishment just like social-democratic socialism.

Ultimately, a living wage in Athens (or anywhere) will actually hurt the poor rather than helping them.

"Since the functional unit of all life and all action is the individual person, it is here that any sound concept of human rights must be anchored."

So Keynes enables Posner to throw off the shackles of rational choice almost completely.

Why is it taken for granted that we need a state at all?

"No one was allowed to leave town, and anyone caught attempting or plotting to leave, helping anyone else to leave, or criticizing the king, was instantly beheaded."

Buying gold and silver coins and holding them is not only a way of protecting oneself against inflation, but it is also, in a sense, a way of boycotting the federal reserve. That in itself would be reason enough to own them.