Any society that entails the strengthening of the state apparatus by giving it unchecked control over the economy, and re-unites the polity and the economy, is an historical regression. In it there is no more future for the public, or for the freedoms it supported, than there was under feudalism.
Robert HiggsTransfer payments discourage the recipients from earning income in the present and from investing in their potential to earn income in the future. People respond to a reduced cost of idleness by choosing to be idle more often.
Robert HiggsIf anarchists are idealists, they may simply be likened to someone who finds himself swimming in a cesspool and, rather than paddling about looking for the area with the least amount of floating faeces, seeks to climb out of the pool completely.
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 HiggsInflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of taxation.
Robert HiggsIn the transfer society, the general public is not only poorer but also less contented, less autonomous, more rancorous, and more politicized. Individuals take part less often in voluntary community activities and more often in belligerent political contests. Genuine communities cannot breathe in the poisonous atmosphere of redistributional politics.
Robert Higgs