After governments create crises, they use those crises to seize new powers. After the crisis subsides, governments give up some, but not all, of their new authority, which we call the ratchet effect.
Original Article: "Beyond Crisis: The Ratchet Effect and the Erosion of Liberty"
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2023-06-23
Last week, I discussed the way in which Patrick Deneen misreads John Stuart Mill in his book Regime Change. I’d like to continue the assault on Regime Change this week by looking at an argument he makes against libertarianism. Libertarians, Deneen alleges, are elitists. They think that ordinary people need to be ruled by an elite class of experts. They favor restrictions on democracy in order to entrench laws about property rights that benefit the rich at the expense of the masses.
Deneen tells us that
throughout its history [liberalism] has sought to preserve the idea of a knowledgeable class in advancing progress against the threat posed by the backwardness of ordinary people. Liberalism was a philosophy that posited the theoretical equality of humankind in order to justify a new

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There is a sea change in how society views false accusations of sexual abuse. And it’s about time.
The lawsuit John C. Depp, II v. Amber Laura Heard (2022) points to this transformation. Depp and Heard sued each other for defamation with “actual malice” over public accusations of domestic violence (DV) during their marriage; Heard also sued Depp’s attorney for making false statements. Unlike an earlier case brought by Depp in the United Kingdom, the American jury found unanimously in his favor and he was awarded $5 million in punitive damages and $10 million in compensatory ones, although the punitive damages were later reduced to $350,000 due to Virginia state law. Heard was awarded $2 million in compensatory damages from the attorney and $0 in punitive damages from Depp. A settlement was

2023-06-20
I put for the general inclination of all mankind, a perpetual and restless desire of power after power, that ceaseth only in death.—Thomas Hobbes, The Leviathan
California continues to attack businesses and entrepreneurial freedom. Leviathan has awakened, this time with Assembly Bill 257, promoting a state-controlled trade union for all restaurant workers.
Current United States secretary of labor Marty Walsh has left and become head of the National Hockey League’s players union, perhaps to help in the league’s diversity, equity, and inclusion and pride initiatives. Joe Biden has nominated Julie Su as Walsh’s replacement, appointed by Biden as deputy labor secretary in 2021. She received Senate subcommittee approval on April 27 and will go to the floor for a full vote, and opposition is

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Since 1960, Congress has raised the debt ceiling 78 times, according to Bloomberg. The process of increasing the debt limit has become so regular that markets barely worry about it. Furthermore, as the 2011 debt ceiling crisis showed, the impact on asset prices happened mostly in emerging economies. In 2011, Turkish and Indian debt were the most negatively impacted, while Treasuries rose.
Politicians believe that raising the debt ceiling is a social policy and that debt does not matter. Until it does. United States debt to GDP is now 123.4% and the risk of losing confidence on U.S. treasuries as the lowest risk asset is exceedingly high.
The problem in the United States budget is evident in mandatory and discretionary spending. Focusing all the attention on discretionary spending does not
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