Economic analysis of current economic problems written for the layman. Best point: in
politics there is an invisible hand that turns programs aimed at the general
interest into programs that only benefit special interests at the expense of the
general interest. (Actually, the hand is not invisible. You can see it if you
look for it.) Most of the book is good, but it lacks radicalism and moral enthusiasm.
They propose solutions based on what they think might be politically possible at
the moment rather than based on what is best. They are weakest on neighborhood
effects (because they have no theory of legitimate property rights and moral
responsibility) and on inflation (which they think should be no less than 3% and
no more than 5% to correspond with the growth in productivity. They don't address
foreign affairs or defense except that they advocate free trade.
Year Read: 1980
Libertarian Essays by Roy Halliday
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