The invisible hand of letting people know who’s boss

Edward links downblog to a piece by Ronald Bailey in Reason magazine . My precis of Bailey’s thesis runs something like this. Having children, per se , isn’t so expensive. Educating them, on the other hand, is very expensive. This is because the levers of a modern, free market, rule of law, enforcement of contract society are complicated and you need a lot of training in order to know which lever to pull, and when. In actuality, lack of training generally leads to denial of access to said le Read more ...