Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitionersโ obsession with mathematical, general-equilibrium models.
Robert HiggsIn regard to the so-called social contract, I have often had occasion to protest that I haven't even seen the contract, much less been asked to consent to it. A valid contract requires voluntary offer, acceptance, and consideration. I've never received an offer from my rulers, so I certainly have not accepted one; and rather than consideration, I have received nothing but contempt from the rulers, who, notwithstanding the absence of any agreement, have indubitably threatened me with grave harm in the event that I fail to comply with their edicts.
Robert HiggsThe beginning of political wisdom is the realization that despite everything youโve always been taught, the government is not really on your side; indeed, it is out to get you.
Robert HiggsBut politicians who talk about failed policies are just blowing smoke. Government policies succeed in doing exactly what they are supposed to do: channeling resources bilked from the general public to politically organized and influential interests groups.
Robert Higgs