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A central function of the state is to provide insurance against the vagaries of life and markets, such as accidents, ill health, old age, or unemployment. Collectively, these mandatory risk pooling arrangements are known as social insurance, or the welfare state. According to influential accounts in the literature, the welfare state exists because (social) insurance […]
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I don’t know who will win the 2020 presidential race, but I do know who will lose: the biggest bully on the block since Billy Franklin beat-up Joey Tarnower in the sixth-grade and ran-off with his lunch money. The American people, I argue, are sick of political bullying and they’re going to put a stop […]
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