Thanks for Not Letting Me Merge. Jerk. – Art Carden: Economics Everywhere, for Everyone
Friedrich Hayek put it this way throughout his work: the social problem is not designing institutions in which good people can do the most good. Rather, it is designing them so that bad people can do the least harm.
Look around you. You live in a world in which people will voluntarily bear a cost in order to impose a cost on another.
With an election on the horizon, it’s worth remembering what George Washington had to say about this.
“Government is not reason, it is not eloquence,—it is force! Like fire, it is a dangerous servant, and a fearful master; never for a moment should it be left to irresponsible action.”¹
We should never forget that, and be especially wary of its use by fallen people in a fallen world.