From Hans-Hermann Hoppe, Democracy: The God that Failed (paperback, p. 30): “[T]he mere act of legislating . . . increases the degree of uncertainty. Rather han being immutable and hence predictable, law becomes increasingly flexible and predictable. What is right and wrong today may not be so tomorrow. The future is thus rendered more haphazard. Consequently, all-around time-preference degrees will rise, consumption and short-term orientation will be stimulated, and at the same time the respect for all laws will be systematically undermined . . . . there will be less productive activity, self-reliance and future-orientation, and more consumption, parasitism, dependency … Continue reading Is Milton Friedman a Closet Hoppe-ite?