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The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.
The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.
Big GovernmentDecentralization and Secession
Decentralisation should not stop at Brexit. Federalism is a sustainable answer to Britain’s constitutional problems.
In a true market economy, the financial success of one person cannot conceivably be the cause of someone’s else’s poverty. In fact, it's the opposite.
Bureaucracy and Regulation
Any time officials use “controls,” you know the policy is going to be a failure. Whether it is preceded by “price” or “rent,” this economically defiant measure produces destitution, deterioration, and destruction.
EducationPhilosophy and Methodology
The economist’s lot is to study a field in which, almost more than any other, human folly displays itself.
A few hours studying the lessons of history can prevent heaps of grave-digging in the coming years.
Since each person votes for different reasons, we can't morally say that the outcome of an election binds people to any specific law or policy.