Sublime

The libertarians were different. They slipped more easily into the American stream. In their insistence on freedom they could claim to be descendants of Locke, Jefferson, and the classical liberal tradition. Some of them interpreted the Constitution as a libertarian document for individual and states rights under a limited federal government, not a

The keys to a non-treadmill life are to find out what other people will pay for and to recognize what you’re capable of doing.

The three principles are saying, in effect, don’t make an institution of a relationship. Don’t add inappropriate activities to it, don’t try to fit it within a traditional context, don’t add duties and obligations to it that are irrelevant to the desires of the people involved. Let the relationship evolve as it will — as mutual self- interest leads

What is remarkable is not that the rate of tax charged should fall as a percentage of income in this particular case, but that it should ever have seemed “fair” that different persons should pay wildly different amounts for the services of government during the twentieth century. This is particularly odd in that those who use government services th

My favorite Wikipedia entry begins: “Ronald James Read was an American philanthropist, investor, janitor, and gas station attendant.” Ronald Read was born in rural Vermont. He was the first person in his family to graduate high school, made all the more impressive by the fact that he hitchhiked to campus each day. For those who knew Ronald Read, th

That led me to make a thirty-minute video, How the Economic Machine Works, which I released in 2013.

Printing money is a stealth tax on wealth that disincentivizes holding money, as above. It has the same first-order effect on wealth transfers but has hidden second-order effects of misdirecting capital due to political expediency and cowardice.