Just wondering if we could piece together a collections of "Laws".
Rothbard's Law: no one ever resigns.
Rockwell's Law: Always believe the opposite of what state officials tell you, and the corollary, always do the opposite of what they advise you.
Cont..
Rothbard's Law: Everybody specializes at what they are worst at (e.g. Freidman, and money).
Wood's Law: Once the markets have increased the standard of living, governments enact laws to do so, and claim that those laws are the cause of that increase (e.g. the abolition of chid labor).
Abstract liberty, like other mere abstractions, is not to be found.
- Edmund Burke
David Friedman’s Law, from ‘The Machinery of Freedom’, 2nd edition) that state services typically produce about one half the value to consumers of voluntary (non-profit or for-profit) provision, at up to twice the cost.
Where there is no property there is no justice; a proposition as certain as any demonstration in Euclid
Fools! not to see that what they madly desire would be a calamity to them as no hands but their own could bring
nirgrahamUK:David Friedman’s Law, from ‘The Machinery of Freedom’, 2nd edition) that state services typically produce about one half the value to consumers of voluntary (non-profit or for-profit) provision, at up to twice the cost.
Sorry for not contributing to the thread
I'd be interested as to how he deduces those figures? The book is on my wishlist, but sadly, not owned by me - yet.
The difference between libertarianism and socialism is that libertarians will tolerate the existence of a socialist community, but socialists can't tolerate a libertarian community.
its not serious, its meant as a quirk, so whenever we hear about studies that are broadly in line with the outcome we can say ,Friedman's Law !
he writes :
Skeptical readers may want evidence for my claim that it costs any government twice as much as it should to do anything. A domestic example is the Post Office; private postal companies make a profit delivering third-class mail at half what the Post Office charges to deliver it a loss. A foreign example is Russia's government-run economy, which invests twice as much of its GNP as we did at a comparable period in our development to achieve the same growth rate. Japan invests privately at the same rate as Russia and gets twice Russia's growth rate.
also;
Leslie Chapman, Your Disobedient Servant (London: Chatto and Windus, 1978). A fascinating first-hand account of the mechanics of Friedman's first law—why things cost twice as much when governments do them. The author was a British bureaucrat who tried to reduce the costs of his part of the bureaucracy by modest measures such as not heating buildings that nobody occupied. He succeeded technically, reducing costs by about 35% with no reduction in output, but failed politically; he is no longer a bureaucrat.
I feel no sympathy for your laziness which you cover and disguise as woes and ills (to welfare queens)Theft fuels royalty in DemocracyThe only social responsibility, is Personal ResponsibilityThe man who works on Sunday, has a job on Monday.
- Justin DuBois
Parkinson's Law: "Work expands so as to fill the time allotted for its completion."
Lew Rockwell: "The pattern repeats itself so often that it almost seems to be a law of history: the radicals who change history must do so over the resistance of the moderates, who claim to be friendly to the same cause, but somehow always end up on the side of established interests." (Moderates and Radicals)
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Bank Run's law if interventionism:
Any highly regulated market inevitably produces shoddy goods.
Individualism Rocks
I've got one for protectionism but I don't know who said it.
When one goes to protect one group and does this at the expense of all groups, or individuals, he rarely helps that group better than a market could have otherwise.
Murphy's Law: Whatever can go wrong, will go wrong.
I have a whole book of these, The Rules of the Game by Paul Dickson.
I happened to open it up and look at this one first.
Jacquin's Postulate on Democratic Governments: No man's life, liberty, or property are safe while the legislature is in session.
Some of them are quite weird.
Morley's Conclusion: No man is lonely while eating spaghetti.
Sattlinger's Law: It works better if you plug it in.
Democracy means the opportunity to be everyone's slave.—Karl Kraus.
O'Rourke's Law: "When buying and selling are controlled by legislation, the first things to be bought and sold are legislators."
Bit of explanation of some of these laws here. Rothbard's sociological laws.
Adding:
This leads me to North's law of bureaucratic expansion:
Any outrageous interpretation of a bureaucratic rule, if widely resisted by the public, will lead to an increased appropriation for the bureaucracy within two fiscal years.
There is an exception. If the enforcement of the interpretation requires major expenditures for new equipment, the process will take only one fiscal year.
If the enforcement of the interpretation requires major expenditures for new equipment, the process will take only one fiscal year.
Other discussion. Here too.
https://www.facebook.com/ThomasEWoods/posts/10151387562655726
Focard Transfer Principle: every contact leaves a trace. In criminal forensics this is expressed as a triangle- victim, scene, and perpetrator. Each will take some of the other two, and leave some of itself on them as well.
Bastiat's Law: "Between a good and a bad economist this constitutes the whole difference - the one takes account of the visible effect; the other takes account both of the effects which are seen, and also of those which it is necessary to foresee."
(Bob) Murphy's Law: The truth is - to a first order of approximation - the exact opposite of whatever Paul Krugman says.
Voltaire's Law: Paper money eventually returns to its intrinsic value — zero.
Clayton's Iron Law of Human Behavior: No matter how stupid, if it can be done, someone will do it... and even if it can't be, someone will try.
Clayton -