The pay of state politicians in America is low

Image

George Stigler’s theory of economic regulation

Image

Must everything be a crisis

image

Image

Bruce Yandle on interest group capture of regulatory agencies

Image

Groucho Marx on evidence-based policy

HT: https://twitter.com/aClassicLiberal/status/526829565482893314?s=09

The public choice economics of Winston Churchill

Image

Paul Heyne on good government

Image

Richard Posner on the drivers of interest group capture of regulatory agencies

Image

Modern democracy: the power to replace governments at periodic elections

Citizens do have sufficient knowledge and sophistication to vote out leaders who are performing poorly or contrary to their wishes. Modern democracy is government subject to electoral checks.

clip_image002

The power of the electorate to turn elected officials out of office at the next election gives elected officials an incentive to adopt policies that do not outrage public opinion and administer the policies with some minimum honesty and competence.

A representative democracy enables the adult population, at very little cost in time, money or distraction from private pursuits commercial or otherwise:

  1. to punish at least the flagrant mistakes and misfeasance of officialdom,

  2. to assure an orderly succession of at least minimally competent officials,

  3. to generate feedback to the officials concerning the consequences of their policies,

  4. to prevent officials from (or punish them for) entirely ignoring the interests of the governed, and

  5. to prevent serious misalignments between government action and public opinion.

Enough of politics and elections, I have a life to lead, don’t you? Too many want to remake democracy with the faculty workshop as their model.

clip_image004

Such deliberation has demanding requirements for popular participation in the democratic process, including a high level of knowledge and analytical sophistication and an absence, or at least severe curtailment, of self-interested motives.

More on More Efficient Tax Systems Leading to Bigger Government

…in Deadweight Costs and the Size of Government (NBER Working Paper Number No. 6789) , [Gary Becker and Casey Mulligan] conclude that flatter and broader taxes also tend to encourage bigger government because taxpayers offer less resistance to increases in flat tax rates than in rates of more onerous and less efficient forms of taxation.

Any decline in the resistance of taxpayers leads to larger government budgets since an endless number of groups agitate for greater government support.

Flat tax rates, such as the VAT and Social Security taxes on earnings, usually start at very low levels but invariably increase over time.

The VAT is now 20 percent and higher in some countries. And payroll taxes began at a modest 2 percent in the 1930s in the United States, but have been increased 21 times to the present 15 percent combined rate on employees and employers.

via More Efficient Tax Systems Lead to Bigger Government.

Previous Older Entries

healthcare-economist.com/

An unbiased look at today's health care issues

Plugging the Gap

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Mostly Economics

This blog covers research work in Economics with focus on India.

Velvet Glove, Iron Fist

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

A Certain Point of View, Too

A new blog from the man behind A Certain Point of View.

Gerard Shannon

Historian of Modern Irish History

The NEP-HIS Blog

Discussion and comment on the latest research in business, economic and financial history

Economics in the Rear-View Mirror

Archival Artifacts from the History of Economics

Reason.com

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

One Sock: Heather Roy's Blog

A blog for my thoughts and writings - past, present and future

Green Jihad

Your source that tells the truth about the environmentalist movement's holy war against mankind

Adventures In Mapping

Maps and stuff. Fun things.

Movie Nation

Informed film criticism, against the grain --since 1984.

Mind Hacks

Neuroscience and psychology news and views.

Gender Abolitionist

Examining Gender Identity ideology and its impact on Women's Sex based protections. Exploring how this has taken such firm root in Western societies (Cognitive & Regulatory Capture).

Helen Joyce

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

200-Proof Liberals

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Darwinian Business

A blog exploring business from an evolutionary perspective, by Max Beilby

Family Inequality

by Philip N. Cohen

What Paul Gregory is Writing About

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

TVHE

The Visible Hand in Economics

Kids Prefer Cheese

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

George Mason Economics Society

Provoking discussion by publishing economic writing

Offsetting Behaviour

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

single sex spaces

Single sex spaces are a question of consent

Adventures of a Tudor Nerd

Tudor History from the Wars of the Roses to the Death of Elizabeth I

Weapons and Warfare

History and Hardware of Warfare

No Punches Pulled

Laughter – the best medicine

TannerOnPolicy

Politics and Policy with a Libertarian Twist

Notes On Liberty

Spontaneous thoughts on a humble creed

Map Dragons

Written by map lovers for map lovers

CONVERSABLE ECONOMIST

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Barrie Saunders

Thoughts on public policy and the media

The Victorian Commons

Researching the House of Commons, 1832-1868

Coyote Blog

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

%d bloggers like this: