Ten Second News

Featured

Resonant Hobbes

  I have claimed before that civil society is a fragile thing. I’ll add to that that the more civil a society is the more fragile it is. By “civil” here I mean “be-stated”, and this is a continuous variable. Also before, prioritizing personal freedom over political freedom, I claimed that the freest nations are the ones with…

Stimulus first, austerity later

Via Alex Tabarrok, a recent study by Richard Evans, Laurence Kotiloff, and Kerk Philips at VoxEU examines the effects of long-term large-scale redistribution of young Americans’ savings to the elderly: [T]he young, because they have longer remaining lifespans than the old, have much lower propensities to consume out of their remaining lifetime resources. This prediction…

Redistribution and the State

I’ve written recently about what I termed ‘front-end’ redistribution. That is, redistribution of wealth and resources prior to state redistribution – or, the way it should be in a perfect world. One example of this is collective bargaining between organized labor and management. Another would be ending the War on Drugs. Over at Bleeding-Heart Libertarians,…