Entries by Don Boudreaux

Quotation of the Day…

… is from pages 144-145 of the Timbro edition of Roger Tanner’s translation of Johan Norberg’s powerful 2001 book, In Defense of Global Capitalism (original emphasis): It is not the countries with abundant raw materials that have grown fastest, and often they are held back, because natural assets give rise to internal conflicts.  No, the main reason for […]

Some Links

Bryan Caplan tells the story of opera tenor Joseph Schmidt (1904-1942) – a man elevated by market forces only to be murdered by political ones. Does economic science demonstrate that the top marginal income-tax rate in the United States today should be 73%?  (HT Greg Mankiw) Sheldon Richman – now at his new home at […]

Simple Me

Democracy’s Herald doesn’t at all like my response to Jamie Newman’s comment on this Thanksgiving Day post.  In his comment on this post, Mr. Newman ridiculed me for reducing an exceeding complex bit of history into a charming parable about the wonder of free markets, private property, and bourgeois “pursuits” (whatever they are). So simple, […]

Quotation of the Day…

… is from page xx of Walter J. Blum’s and Harry Kalven, Jr.’s 1963 “Introduction” to the ten-year-anniversary re-issue of their 1953 classic and insightful book, The Uneasy Case for Progressive Taxation (footnote omitted): At the time of an emergency which brings about a tax increase, it appears that a sudden new burden can be more […]

Quotation of the Day…

… is from pages 1338-1339 of Robert Ellickson’s landmark 1993 Yale Law Journal article “Property in Land” (footnotes removed; Ellickson’s quotation in the third paragraph is from pages 300-301 of the 1912 Massachusetts Historical Society edition of William Bradford’s History of Plymouth Plantation): To finance their voyage, the Pilgrims formed a joint stock company with London investors.  At […]

Kling on Krugman on Debt

Without mentioning Jim Buchanan, Arnold Kling succinctly captures and reveals the essence of Jim’s powerful case against the Keynesian/Krugmanian assertion that internally held government debt is no real burden on citizens.  (HT James Pethokoukis) Unwise aggregation is always blinding, and never more so than on the question of the burden of government […]

The A Word

Dr. Boudreaux, You quoting Robert Higgs today makes you seem like an anarchist. So begins an e-mail that I’ve just opened from Tim Richards, who was inspired to write by this post.  (BTW, I dislike being called “Dr.”  The reason is that in modern American English the word “doctor” is overwhelmingly a synonym for “physician” […]

Quotation of the Day…

… is from pages 101-102 of Robert Higgs’s indispensable 2004 collection, Against Leviathan; specifically, it’s from Bob’s 2002 Independent Review essay “Governments Protect Us?” (original emphasis; footnotes excluded). My skepticism springs in part from my improved understanding of just how horrendously destructive and murderous governments have been, not only by their involvement in wars with other governments, but […]

Bonus Quotation of the Day…

… is from page 663 of Little, Brown’s Fifth “Bigelow” edition (1891) of Justice Joseph Story‘s storied 1833 Commentaries on the Constitution of the United States: The constitution was, from its very origin, contemplated to be the frame of a national government, of special and enumerated powers, and not of general and unlimited powers.  This is […]

Quotation of the Day…

… is from Thomas Jefferson’s 1791 reflections on the U.S. Constitution’s delegation of powers to the national government.  Jefferson’s quotation appears in the following passage from page 165 of Noble Cunningham’s outstanding 1987 biography of Jefferson, In Pursuit of Reason (emphasis original to Jefferson; footnote added): He [Jefferson] then considered the general phrase of the […]