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The Rule of Capture and Legalized Theft

water) all move around, and when I extract stuff from under my property, it creates a vacuum, so that stuff that used to be under your property flows under mine….

Ignani and the Ignavi

…genius, Baucus decided to water down the individual mandate so that some people are allowed to go without insurance. He was trying to compromise with Republicans, well in this case,…

Compare and Contrast

…well-spent. [One] graciously permits the government to police [one’s] bar-hopping, repair the roads [one] drives on, clean [one’s] water and deliver it to [one’s] door, remove [one’s] bodily waste, treat…

The Leaky Bucket Fallacy

…much as it would if there were no dead weight losses. This encourages the use of a metaphor that redistributing wealth is like carrying water in a leaky bucket. If…

What Remains of the Keynesian Revolution ?

Robert Waldmann I like to criticize financies, financial regulators and fresh water economists. I should defend something for once. It is easy to criticize. So I ask to what extent…