Notes from the Lounge: Libertarian Liberalism

Notes from the Lounge: Libertarian Liberalism

Quote of the day: "What libertarians would like to see, in effect, is a government too restrained to be worth the trouble of buying."

Later in the same piece: "The reason so much of what the state does is either direct or indirect corporate welfare is that almost nobody is going to have the time or inclination to monitor each of a thousand little programs that impose a small (because diffuse) cost and provide a concentrated benefit to a small set of firms. But if the starting point were relative laissez-faire, deviations from that benchmark would stand out more prominently as aberrant. That would lighten the demands on public attention and action, making it easier to check corporate rent-seeking."