fallen verses

Economics vs. Democracy or: how I learned to stop worrying and love the market

As Winston Churchill once said: “Democracy is the worst form of government, except all those other forms that have been tried from time to time.” While still humorous in its construction, this statement is hardly controversial in this day and age, when most of the world is (at least in name) governed “by the people”. But Bryan Caplan, an adjunct scholar at the Cato Institute and associate professor of economics at George Mason University, would like us to revisit our belief in democracy as the ideal form of government, if not in fundamentals, then certainly in scope.