This election had little or nothing to do with policy. For policy differences to be a determining factor, it is necessary that the policy alternatives be understood by voters and that there be agreement on the facts to which the policies are responses. The 2024 election did not provide the conditions necessary for a policy-driven electio…
Persistent super-normal returns are clear evidence of economic rent. Economic rent reduces efficiency and is inflationary (i.e. prices are increased and production reduced). Government's regulation of the economy should encourage competition and discourage rent-seeking. Taxation of rent is non-distortionary. Thus, government should impos…