Amusing - if it would not be sad - to read that 'prominent' 'star' economists like Barry Eichengreen still regurgitate the fable of 'too low inflation'. So what is the right level of inflation for these confused thinkers? One shudders to think how many young students get indoctrinated by his kind.
The State Power to Discriminate
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John Locke’s idea that tyranny is arbitrary power as opposed to the rule of
law seems to underlie the whole classical liberal tradition (see Locke’s *Seco...
2 hours ago
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