In an unmolested market economy - one where all dealings are consensual - the 'allocation' of wealth and income is the result of transactions.
Sheldon RichmanWhen government 'creates jobs' by taking money from the private sector and 'investing' in favored projects, it is not truly productive activity. Rather, the government has preempted the economic process, forbidding it to serve consumers so that it can instead serve the objectives of politicians and bureaucrats.
Sheldon RichmanSome conservatives are surprised to find people on the Left supporting the war in Afghanistan. It's not surprising at all...It is hard for the government to prosecute a war and not expand...Conservatives may think they can support war and oppose the expansion of the state, but that is like trying to square the circle. What makes them think they can contain the expansion?
Sheldon Richman