The brutal, absolutist, and mercantilist state that collapsed under the French Revolution was no benign and restrained regime. And in many ways, the monarchy's embrace of a powerful centralized state sowed the seeds of its own destruction.
The market probably interprets correctly that the European Central Bank will become even more dovish under Lagarde. This will encourage more risk in the financial system.
A future prime minister must have a clear understanding of his enemy, the socialist myth, why it fails, and why free markets succeed.
If the fans want the women to be paid more than the men, the consumers will have to spend more on watching them.
Farm subsidies encourage farmers to be inefficient and wasteful. Moreover, subsidies mostly benefit large farms and landowners, and not the "small family farms" we're told the subsidies protect.
Since Libra is an extended arm of the current financial system, first-world economies could benefit at the cost of developing economies.
Firearm sound suppressors are nothing like they are portrayed in Hollywood movies. Also, they are already heavily regulated by federal officials. Efforts to ban them are nothing more than political posturing.
The most alarming of the projections of climate change damages rely on naïve assumptions about human adaptability.
One of the most instructive of all examples from maritime history is that of privateering, that is, the employment of profit-seeking, private armed ships during wartime.
"Here's the problem. If you give government a job to do, even one that seems justified in the abstract, it will use its power to make a terrible mess in practice."
