Monetary inflation, writes Scott Trask, helped bring on the Terror and set French progress back a generation.
English philosopher Herbert Spencer may have best analyzed the importance of appropriate limits on what should be subject to democracy, particularly in his 1857 “Representative Government—What is it Good For?” To honor his April 27, 1820, birthday, his insights merit repeating. Spencer spelled out the infirmities of governments when it came to producing goods and services and achieving intended goals, and found that democratic governments were the worst in that regard:
Like Oscar the Grouch, “I love spam.” OK, not exactly. But, my position is a far sight different from Russ Roberts’s.
What would happen if some calamity befell the US Congress and it suddenly ceased to exist? Bloomberg’s Andrew Ferguson discusses legislation designed to assure that we continue to get all the government we pay for, no matter what.
Enrico Peppe continues his excellent series on the top 25 conservative books with an essay on Thomas Molnar‘s The Counter-Revolution.
From a civilian contractor working in Iraq: “The real reason the Marines had to start their truce/cease-fire strategy is because the coalition forces are running extremely low on fuel right now....
