Regulation and Robert Higgs’ objection

Regulation is the kind of law that says, “This isn’t a crime, but I’m going to stop you from doing it anyway” that is, the kind of law that intervenes and prevents admittedly innocent activities, insisting that oversight is needed, even where everyone involved consents. It’s very easy to attack the “bad” kind of regulation, as in the familiar inept or corrupt building official or the captured agencies overseeing banking; but attacking “bad” regulation gets us nowhere on the question of regulation itself, because people merely think it needs to be replaced with “good” regulation. So let’s discuss the most popular major regulatory agency in the US: The Food and Drug Administration. Continue reading

Isn’t the equality of men a problem for you?

There are believers in Liberty, and believers in power. There are those who say, “The only way for the many to be happy is through their own good choices, and so the greatest necessity is to prevent their free choices from being undermined, whether by crime or oppression. We cannot make them good, we can only prevent the rewards of goodness from being snatched away” And there are those who instead say “Whether these masses be good or no, I am good enough, or clever enough Continue reading