Elon Musk claim that humanity is headed for “universal high income” instead of UBI is possible to the extent that peace, easy taxes, and a tolerable administration of justice prevail. That means reducing the power of the state rather than extending it with UBI or other collectivist social experiments.
The New Deal was completely unnecessary economically.
Hamilton’s tariffs sought to maximize revenue, not help domestic manufacturing interests.
Scaling back deposit insurance, combined with a credible policy of putting failure costs onto their rightful owners, stockholders, instead of onto taxpayers is the proper solution to preventing mass bank failures.
Faucism combines control over financial resources and information with a carefully cultivated cult of personality.
The power to tax or to regulate is also the power to control, not just in the supposed “public interest” but in the interest of the regulators themselves, or specific politicians, or the government more generally.
The better approach to disasters relies on private initiative, markets, and insurance instead of ineffective government bureaucracies and bloated budgets. Every aspect of disaster relief can be privatized, or rather re-privatized, and should be, if policymakers want to save lives and money.
Science cannot flourish under state direction, funding, and control.
Three simple reforms: (1) posted prices for procedures; (2) Goodman-esque health savings accounts and high-deductible insurance; (3) age rather than community rating.
Hamilton did not as treasury secretary implement, or espouse, any system of protective tariffs or bounties.
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