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Voters and Political Representation

voting

Voters are not informed.  However, the Miracle of Aggregation says that if voters are not informed, it does not matter, and that the errors will just cancel each other out.   Continue reading

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The New Deal and Housing Bust of 2008

Let’s evaluate this claim: “The New Deal was a wise series of government actions that healed the problems afflicting the economy.”  First of all, we know that most of the time the government gets involved in something, it becomes worse.  The claim could then be this, “The New Deal was a wise series of government action that made the problem afflicting the economy worse.”   Continue reading

African Government, Public Choice, and Military Production

Africa, under government rule, had a huge success.  A huge success of failing terribly.  There is the problem — government rule.  Oops.  With the government in power, as we all know, bad things happen to the people and the economy. Continue reading

Capitalism and Communism

Karl Marx criticized capitalism.  He said that communism was better.  The following is what Karl Marx has to say about capitalism and communism.  He said that capitalism makes producers produce what the market (the people) wants.   Continue reading