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Category: economics

Final Words From Burke

Final Words From Burke

To finish up my series of posts about Burke’s ’s Reflections on the Revolution in France (1790), here are a few other assorted profound and interesting passages from Reflections. In this first passage (p. 14), Burke writes about being true to your proper character: Those who quit their proper character, to assume what does not belong to them, are, for thei greater part, ignorant both of the character they leave, and of the character they assume. In this passage (pp….

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Folkraed: A New Approach to Government – The Second Problem With the Way Things Are: Bad Voters

Folkraed: A New Approach to Government – The Second Problem With the Way Things Are: Bad Voters

Last post we talked about problems with our politicians, but most voters aren’t any better. In fact, they’re often worse. Most politicians at least know something about the major issues of the day; most voters don’t. Economists say that voters’ ignorance is rational: because each persons’ vote has such a small marginal impact on an election result, it doesn’t make sense to spend much time learning about the candidates or issues. What makes sense for each voter to do on…

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Folkraed: A New Approach to Government – Introduction

Folkraed: A New Approach to Government – Introduction

Many of us feel like something is going wrong. We feel a deep and growing unease we are moving in the wrong direction, that we’re becoming strangers in our own country. This series of blog posts is an extended essay that explains what is going wrong in the United States and what we can do about it. But first you must realize that the solution won’t come from going back to the way things were. The past is behind us….

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Why Don’t Brazilians Emigrate?

Why Don’t Brazilians Emigrate?

What is the most commonly-spoken language in South America? If you said Spanish, you’re wrong. It’s Portuguese. Portuguese is the unexpected winner (unexpected, at least, in most Americans’ minds) because Brazil is such a big country (bigger than the continental United States). Brazil is the fifth most populous country in the world, with a population of nearly 200 million (only China, India, the United States, and Indonesia have bigger populations).1 In 2007 the U.S. Census Bureau estimated, however, that only…

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What If Everyone Paid the Same Taxes as You?

What If Everyone Paid the Same Taxes as You?

The U.S. government has provided an interesting tool1 that tries to show you where your tax dollars are spent. You just put in the amount of Social Security, Medicare, and income taxes you paid, and it shows how much of that money will go to different government programs and expenditures. Over at Econlog Arnold Kling points out2 that for most of us, the calculator makes it look like most we get a bargain in government programs and benefits for a…

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