May 13, 2015
Today in the land of Magna Carta
“Liberty is the right to do everything the laws permit.” Montesquieu “[U]nder the Rule of Law the government is prevented from stultifying individual efforts by ad hoc action. Within the…
“Liberty is the right to do everything the laws permit.” Montesquieu “[U]nder the Rule of Law the government is prevented from stultifying individual efforts by ad hoc action. Within the…
See the introduction to and explanation for this series of posts. Gillian K. Hadfield and Barry R. Weingast, Microfoundations of the Rule of Law I should note at the beginning…
A lot of people a lot of the time underestimate how burdensome, onerous, and intrusive complicated bureaucratic rules and regulations are. They casually treat the only cost of a rule…