“Of course, you might ask, who really cares if some luxury-sedan maker has to sell through dealers? But what the New Jersey ban exemplifies is the tendency for businesses to use state power to divide the economy between insiders and outsiders. This discourages innovation, raises prices, and makes life hard for people trying to start new businesses—or even just get a new job. Does it really make sense to force someone, as Utah did until 2012, to go through two thousand hours of cosmetology training to work as a hair braider? Such statutes delegitimatize the idea of regulation, by making it look merely like a way for governments to indulge special interests. As the financial crisis showed, there are plenty of areas in real need of regulation. But maybe car buyers can take care of themselves.”
— James Surowiecki, ‘Tesla vs. the Auto Dealers' via The New Yorker
“No man with a genius for legislation has appeared in America. They are rare in the history of the world. There are orators, politicians, and eloquent men by the thousand, but the speaker has not yet opened his mouth to speak who is capable of settling the much-vexed questions of the day. We love eloquence for its own sake and not for any truth which it may utter, or any heroism it may inspire.”
— Henry David Thoreau, 1849
“Why has the government been instituted at all? Because the passions of men will not conform to the dictates of reason and justice without constraint.”
— Alexander Hamilton, 1787
“The finding that generalized trust is highly correlated with intelligence, even after conditioning on socio-economic characteristics such as marital status, education, and income, supports the hypothesis that being able to evaluate someone’s quality as a trading partner is a distinct component of human intelligence, which evolved through natural selection.”
— via The Atlantic, ‘Study: Smarter People Are More Trusting
“The government is an insurance company with an army — it takes care of the elderly and the sick, and it projects force abroad.”
— Matthew Yglesias, Vox
via Vox
“I have not figured out either philosophically or psychologically why nobody seems to care whether we collect the revenue or not.”
— John Koskinen, IRS Commissioner