Month: June 2024

I was recently asked a very simple question. “Assume India’s total tax revenue is 100 in a year. If you are all-powerful in the government, how will you spend that 100?”

To answer that, we have to ask what should the government do? I take my cue from the classical liberals like John Stuart Mill and Adam Smith from the 18th century and from libertarians like Robert Nozick of the 20th century. The basic and only job of the government is to maintain order in society. In order to maintain order, it has to protect life, liberty and property. That creates the necessary condition for the creation of wealth and prosperity. Continue reading “Funding the State”

The wiki page on the Foreign Policy of the United States states that —

The officially stated goals of the foreign policy of the United States of America . . . are “to build and sustain a more democratic, secure, and prosperous world for the benefit of the American people and the international community”.

All very noble and praiseworthy no doubt. But what exactly is it in practice and is it anything as advertised? Even if we were interested in understanding it (unlikely at best), we don’t really have the time to figure that out. But we should have at least some passing familiarity with the US foreign policy’s impact on the world. Spoiler alert: the impact is extremely terrible.

I am an enemy of the state. It is part of my nature. The state is to some extent a necessary evil but the bigger the state is, the greater evil it is. Continue reading “Sachs on US Foreign Policy”