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.