Available Now! (click cover)

America's Counter-Revolution
The Constitution Revisited

From the back cover:

This book challenges the assumption that the Constitution was a landmark in the struggle for liberty. Instead, Sheldon Richman argues, it was the product of a counter-revolution, a setback for the radicalism represented by America’s break with the British empire. Drawing on careful, credible historical scholarship and contemporary political analysis, Richman suggests that this counter-revolution was the work of conservatives who sought a nation of “power, consequence, and grandeur.” America’s Counter-Revolution makes a persuasive case that the Constitution was a victory not for liberty but for the agendas and interests of a militaristic, aristocratic, privilege-seeking ruling class.

Thursday, January 12, 2006

Who'd Bet that the Government Will Get it Right?

Another excellent column by David Henderson at antiwar.com. This time he applies the economic thinking of Milton and David Friedman to provide an additional argument against an interventionist foreign policy. The argument, Henderson writes, is this: "Because there are costs even of conducting a foreign policy in which the government makes 'correct' decisions, for a government's foreign policy to be, on net, stabilizing, the government must be correct much more often than it's incorrect." How likely is that? Henderson's answer: not very. He then quotes a similar argument from David Friedman's The Machinery of Freedom. As Friedman the younger points out, however, what looks like a blunder may just be a policy with objectives other than the stated one, such as perpetuating the wealth and power of the policymakers and their "private sector" clients.

The column is definitely worth reading!

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