04 Feb 2010

Arnold Kling Makes Me Chuckle

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In a quite reasonable post, he offers this judgment which struck me as ironic:

3. Does the state have necessary functions?

I believe that it does, but I am not sure. I am strongly inclined to believe that unless we agree to have an ultimate arbiter of disputes, the equilibrium is what North, Weingast, and Wallis call “the natural state,” in which a coalition of violent gangs extorts from the general public and shares the loot.

In case you don’t see the irony, try this.

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