The Political Economy of Fear

First it was foreign invasion and the government itself that the people were to be protected from. All the population had to do was surrender enough liberty and money, and the state would keep it safe from . . . "them." (Considering all the money it has spent, at times its failures have been spectacular.) Later the menu of fears was extended beyond foreign threats.

Read the rest of this week's TGIF column at the Foundation for Economic Education website.