It is highly significant that Jefferson, when he wrote his own epitaph, wanted to be remembered for the Declaration of Independence, for the Virginia statute on religious freedom, and for founding the University of Virginia. That he was a two-term president is not listed.
Whereas people want to have choice over how they spend their money, bureaucrats want us to suffer constantly, and be intensely aware of what we use, trusting not the price system to determine our consumption patterns but rather obey regulations and strictures.
Affluence and subsistence are two very different standards, and if welfare statists choose to import arguments for mere subsistence — as with appeals to the alleged lack of freedom of the starving man — then they must be held to this standard.
Most observed instances of monopoly were in fact generated by government sanction (e.g., public utilities).
If Krugman wishes to claim that progressive taxes do not adversely affect incentives, he needs to offer a theoretical account of why this is so.
However modest in size, including possibly being actually negative, net investment represents the true source of most revenue and income.
Now, some of the locals are feeling the pain as lady luck, bad math and bad judgment are punishing them.
Child-labor laws were and are a blow against the freedom to work and a boost in government authority over the family.
