Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical, general-equilibrium models.
Recipients of transfers tend to become less self-reliant and more dependent on government payments. When people can get support without exercising their own abilities to discover and respond to opportunities for earning income, those abilities atrophy. People forget - or never learn in the first place - how to help themselves, and eventually some of them simply accept their helplessness.
Liberty in the United States will never be reestablished so long as elites and masses alike look to the president to perform supernatural feats and therefore tolerate a virtually unlimited exercise of presidential power. Until we can restore limited, constitutional government in this country, God save us from great presidents.
It is a sound interpretive rule...that anything that cannot be accomplished except with the aid of threats or the actual exercise of violence against unoffending persons cannot be beneficial to one and all.
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