If you have an area where high-income receivers concentrate, you have a higher fiscal capacity. That fiscal capacity is a valuable resource and will create rent-seeking. People will trying to get that resource one way or the other, including immigration. It is very much like the medieval peasants putting their sheep on the commons pasture. It is better than the open range, and if you let them have open access they will, in fact, put too many sheep on the pasture and waste the value that the pasture has.
Clearly, I am not an anarchist. Philosophically, I might be, but I think in practical terms. - James M. Buchanan
Clearly, I am not an anarchist. Philosophically, I might be, but I think in practical terms.
- James M. Buchanan
I think the world has changed dramatically since September 11th. It should force us to recognize that we are going to have to defend the free institu… - James M. Buchanan
I think the world has changed dramatically since September 11th. It should force us to recognize that we are going to have to defend the free institu…
You can get a coalition of senators from particular states in America, for example, who want to construct highways or dams or ports which may well be… - James M. Buchanan
You can get a coalition of senators from particular states in America, for example, who want to construct highways or dams or ports which may well be…
We try to prevent the creation of artificial rents. Rather than setting up quotas to stop imports we levy a tariff, that would be better. Or we pay w… - James M. Buchanan
We try to prevent the creation of artificial rents. Rather than setting up quotas to stop imports we levy a tariff, that would be better. Or we pay w…
The assumption that we can keep societies open and free to everybody is going to have to stop. We are going to have to recognize that some people sim… - James M. Buchanan
The assumption that we can keep societies open and free to everybody is going to have to stop. We are going to have to recognize that some people sim…
If politicians get money to spend and don't have to be responsible for taxation, then of course that will bias their attitude toward more spending as… - James M. Buchanan
If politicians get money to spend and don't have to be responsible for taxation, then of course that will bias their attitude toward more spending as…
Politics is a romantic search for the good and the true and the beautiful. - James M. Buchanan
Politics is a romantic search for the good and the true and the beautiful.
Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it i… - James M. Buchanan
Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it i…
I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal governmen… - James M. Buchanan
I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal governmen…
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