Fergus Hodgson joined AIER in 2017 as managing editor, after being a visiting scholar from 2009 to 2010. He holds a Bachelor of Arts in Economics from Boston University, a Graduate Diploma in Political Science from the University of Waikato, New Zealand, and a Certificate in Cuban Studies from the University of Miami. He is studying for a Master of Finance jointly with Tulane University in Louisiana and Francisco Marroquín University in Guatemala, and he is the roving editor of Gold Newsletter. A New Zealand native, he has lived in eight countries and holds the Diploma of Spanish as a Foreign Language (DELE: B2). Follow @FergHodgson.
Articles from Fergus Hodgson
In a perfect universe, everyone would be automatically productive, and firms would have deep pockets to hire employees right away with full salaries. The reality is that taking on a new employee is costly; replacing one is even harder; time constraints are real; and competition is fierce, especially for small and medium-size firms with cash-strapped budgets.
Higgs's latest book, Taking a Stand: Reflections on Life, Liberty, and the Economy, is a greatest hits of his work over the past decade or so, published by the Independent Institute of Oakland, California. Naturally I couldn't help myself when I saw it as a new arrival at the Ludwig von Mises Library at Francisco Marroquín University in Guatemala City.
This policy study explains what I have now come to expect: ballooning and outlandish costs, impenetrable and overlapping complexity, double-dip cronyism, market distortions to give you a headache, no transparency, and, perhaps worst of all, an embedded special-interest group with an entitlement mentality, accompanied by a few spineless politicos.