I am wrestling with and may change my position on legalizing drugs, which I never would have imagined just a few years ago. Let me explain. Addictions, when acted upon, usually hurt people, cost a lot, and destroy relationships. The worst addictors today appear to be...
Truth
Obedience to the Unenforceable
In our friend Fitz Allison’s insightful new book, Truth in an Age of Arrogance, I found a quote by someone I’d never heard of, Lord John Fletcher Moulton. I looked him up; he was a brilliant English mathematician and jurist at the beginning of the last century. The...
How Public Policy Can Affect Almost Everything
For those of you who have studied F. A. Hayek for years, my recent epiphany (see earlier post) must seem almost laughable. Like a music historian who, after forty years in the field, suddenly discovers Tchaikovsky. Though written almost seventy years ago, The Road to...
Advice to current Economic Policy Makers: Take a Hayek
Where has F.A. Hayek been all my life? Thanks to our sons, I'm reading The Road to Serfdom, written by Hayek when he was at the LSE in 1944. Hundreds of thousands of copies have been read since then, but even though I was an Econ major in 1968, somehow I missed his...
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