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Image of the quote is loading... SaveSave The sense that just about anything goes with the collection of public revenues and the making of public expenditure has contributed mightily to the current malaise. - Quote by Richard A. Epstein

The sense that just about anything goes with the collection of public revenues and the making of public expenditure has contributed mightily to the current malaise.

Richard A. Epstein
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Securing, not prohibiting, the orderly transfer of wealth from A to B, based on wealth differentials, is the raison d'être of the [New Deal programs]. The contrast between the modern progressive and classical liberal agendas could not be more explicit.
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The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets.
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The desire to avoid short-term hardships leads to major dislocations in [housing] markets.
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That effort to undermine competitive markets is no better in the market for labor than it is for goods and services.
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