I did not know that Lenin was a prohibitionist. (I’m not surprised, however.) Bryan Caplan explains.
In yesterday’s New York Times, Greg Mankiw explains what should be more obvious to economists, namely, that very rich people in market economies typically deserve their great wealth. Here’s Mankiw’s concluding paragraph:
Unlike the superheroes of “The Avengers,” the richest 1 percent aren’t motivated by an altruistic desire to advance the public good. But, in most cases, that is precisely their effect.