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"Local elections that go against the government can often be hand-waved as protest votes, expressing general discontent with the status quo. On this occasion, doing so would be a serious mistake, for two reasons." My latest for Foundation for Economic Education: fee.org/articles/briti…

“In fact, the first thing a dictator wants to do when he comes to power is eliminate the market. Why? Because he can’t trust people to behave voluntarily the way he thinks they should behave.” - Walter Williams

“On the private market, market failure is the exception. On the political market it is the rule.” - David Friedman 👀

“We must make our choice between economy and liberty or confusion and servitude" - Thomas Jefferson 🧐

Reagan. ✍🏻

“It does not seem likely that an electorate, listening to the babel of special pleadings would be able to detect the universal interest in the particular, except occasionally and by good luck.” - Walter Lippmann

“If you protect American producers in one industry from foreign competition, then you must damage American producers in other industries.” - Steven Landsburg 😯

“As for import substitution, empowering officials to award import licenses and subsidies left endless opportunities for corruption, while creating industries that were hopelessly inefficient precisely because they lacked foreign competition.” - Marc Levinson

Incentives matter. 💯