Words of wisdom from Bryan Caplan

BC: Every economist who gives policy advise is implicitly relying on philosophy. Unfortunately, most economists want to rely on philosophy without really reflecting on it, so they’re usually just crude utilitarians (with a heavy bias toward the status quo and democratic fundamentalism).


Question: With the drought in Southern California is it possible the state is over populated? Meaning we have to halt immigration into the south west?

BC: No. Just raise the price of water!

There is more here.


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