Mises Daily
Author:
T. Norman Van Cott
Online Publish Date:
earned an academic reputation for insightful analysis of private property and open markets as engines of economic progress. Gramm had biographical entries in each of the “Jimmy Stewart” theory of government. Namely, the only way to avoid government failure is to have people like the Jimmy Stewart character in the old movie, “Mr. out on to this slippery slope, however, it means that remedies for government failure must be radical in nature. Wishing and waiting for an “army” of Mr. Smiths or