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The American Institute for Economic Research has now produced a book on the topic, written by our researchers in real time as the crisis unfolded. You will be struck by its prescience, first page to last.READ MORE
The often-prescient Tyler Cowen commented not long ago that libertarianism, if it is to grow as a political movement, should embrace arguments for expanding state capacity in some areas. He named this approach “State Capacity Libertarianism” (SCL). I’m not sure you have to go that far, accepting a version of libertarianism that also takes the […]READ MORE
Even if we had put bounties of billions on the heads of Osama bin Laden and his henchmen, we likely could have gotten a similar result at a much lower cost than the trillions we have spent on war since 9/11/01. I suspect there would have been a lot less collateral damage.READ MORE
And as power expands in a ratcheting-upward way, power becomes ever-more valuable and intoxicating to possess – meaning that competition to grab power becomes ever-more intense. This increasingly intense competition for power, in turn, selects those persons who are both most hungry for power and least bound by ethical restraints in pursuing and using it.READ MORE
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