“ The desire to avoid short-term hardships leads to major dislocations in [housing] markets. ”
The sense that just about anything goes with the collection of public revenues and the making of public expenditure has contributed mightily to the current malaise.
~ Richard A. Epstein
The pillars of classical liberalism call for flat taxes, with revenues put to limited uses; strong property rights; and free markets.
That effort to undermine competitive markets is no better in the market for labor than it is for goods and services.
Securing, not prohibiting, the orderly transfer of wealth from A to B, based on wealth differentials, is the raison d'être of the [New Deal programs]. The contrast between the modern progressive and classical liberal agendas could not be more explicit.
