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 HiggsMany anti-energy groups display little appreciation of the extent to which modern economies depend pervasively on the use of fossil fuels and petrochemical products.
Robert HiggsThe legacy of the New Del was, more than anything else, a matter of ideological change. Henceforth, nearly everyone would look to the federal government for solutions to problems great and small, real and imagined, personal as well as social.
Robert HiggsIn U.S. history, war has served as an important diversionary tactic, causing the people at large to shift their attention away from the state's own criminality and toward real or fictitious devils abroad. Wars have therefore proved to be extremely useful in propping up the political class and preserving it from the public resistance and rebellion that might otherwise have arisen.
Robert HiggsRecipients of transfers tend to become less self-reliant and more dependent on government payments. When people can get support without exercising their own abilities to discover and respond to opportunities for earning income, those abilities atrophy. People forget - or never learn in the first place - how to help themselves, and eventually some of them simply accept their helplessness.
Robert Higgs