Against Politics

Toward a depoliticized society

Four prosperity killers

Whether you believe that the Federal Reserve’s recent monetary decisions represent the smartest response to the current financial meltdown or puts us on the road to third world hyperinflation, there seems to be little disagreement about the risk of high inflation (or even stagflation). To Larry Kudlow this means that all the elements are in [...]

The eternal quest to fix prices

If there is one single belief that unites most political thinking throughout the history of mankind it is that prices for goods and services cannot simply reflect supply and demand but should be manipulated to  achieve more grandiose goals. Although mankind has gone through numerous cycles of fixing prices, discovering the unintended consequences, and reluctantly [...]

A technocratic dictatorship

Arnold Kling writes: Starting last September, our country has gone through six months that shook the world. We have abandoned free markets. We have abandoned democracy, in the sense of having policies that reflect the popular will. The United States has become a technocratic dictatorship. The current administration is a government by “experts.” But as [...]

Barack Obama versus Michael Bakunin

There are great expectations about the ability of academics to shape society by “smart” policies. The anarchist Michael Bakunin had not much useful to say about economics but he was a realistic observer of intellectuals and power: Suppose a learned academy, composed of the most illustrious representatives of science; suppose this academy charged with legislation [...]