What Do Judges Maximize?

Public choice analysts did not develop a standard way of analyzing the actions of judges. For the most part, judges were simply ignored. Of course, if the judges were elected, they could be analyzed in the same way as any other elected officials, but in regard to appointed judges, especially those appointed for life terms, as the justices of the U.S. Supreme Court are, public choice had little to say.

When Academics Describe the World

In economics, theorists will tell you “public goods” like lighthouses can’t ever be supplied by private, profit-seeking ventures.  Meanwhile, right outside their window there are private lighthouses, provided in ways too varied and ingenious for the academic mind to comprehend, and too skin-in-the-game trial-and-error intuitive for the entrepreneur to even know how to explicitly describe.

The Two Types of Socio-Economic Problems

If the problem is real and the government undertakes to solve it, the result in nearly every case will be that special interests, especially the government itself, will be further empowered and enriched and, on top of this insult to justice and prosperity, the real problem will be made worse rather than solved, setting in motion further calls for government intervention and creating an endless chain of action and reaction leading toward a leviathan state.

New Year’s, Leviathan, Free Will, & Schooling (33m) – Editor’s Break 044

Editor’s Break 044 has Skyler giving his commentary on the following topics: New Year’s 2018 and making resolutions to improve your life all year long, the unrelenting presence and growth of government, ie. Leviathan, holding parents responsible for the actions of their children and the existence of free will, how important it is to stop sending your kids to government schools, and more.