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I share Jacob Sullum’s assessment of an H. Clinton vs. D. Trump “choice.”  Here’s his conclusion:

Since Trump has never held public office and seems to have few firm beliefs about anything aside from his own unparalleled competence, it’s hard to predict what he would do as president. Clinton, by contrast, has a long, almost uniformly awful record of public service. Whether Americans decide to be stabbed in the stomach or shot in the kneecaps, the consequences will be painful.

And here’s Ben Zycher on this presidential campaign filled with especially ludicrous candidates.

Jason Kuznicki is less keen on Bernie Sanders than is Will Wilkinson.

Jeff Miron explains yet another cost of the so-called ‘war on drugs.

Here’s the abstract of a superb new paper by my colleague Dick Wagner:

The economic analysis of taxation contains two disparate strands of theorizing. One strand is a scientific strand that seeks to explain the rhyme and reason of the pattern of taxation that governments create. The other strand is a normative or exhortatory strand that seeks to instruct governments as to how they should extract taxes from the population. There is no good reason why a theorist can’t contribute to both strands, only not at the same time because the position of political partisan requires different theoretical formulations than does the position of political observer. Yet the two distinct roles and their associated formulations are often confounded, with the result being that the language of taxation often entails commingling between ideological claims and scientifically based claims. After characterizing these two visions of tax theory, the remainder of this essay disentangles some of the conflicts between ideology and science with respect to taxation, particularly as these apply to personal income taxation and to commodity taxation.

Sparked by Tyler Cowen, George Selgin ponders monetary policy and liquidity traps in this post.


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