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Alexis de Tocqueville

Where Did Our Trust Go?

In my previous blog post, I made the argument that a free market system relies on relationships of trust in order to coordinate the abilities of producers to serve the real needs and wants of consumers. However, there is a non-trivial sense in the American public...

The Important Truth I Heard Over an Airport PA System

“Security is everyone’s responsibility…” As it rarely is, my attention was caught by the voice on the airport PA system. Over the years, I’ve become used to the obnoxious drone, “Is that your bag?” but this was new. I replayed the message in my mind: “Security is...