If there’s one leitmotif in Jacob Hornberger’s commentary at the Future of Freedom Foundation over the years, it’s that unlimited accumulation of capital by the super-rich is the pathway to prosperity. That musical phrase received its latest tinny, tinkling iteration in “The Importance of Capital” (March 13): I was recently walking through a construction site…

Democratic politics makes savvy people stupid, at least when they act politically. This has long been demonstrated, and it applies both to voters and policymakers. Several things account for it: the impotence of one vote, the consequent futility and hence wastefulness of acquiring information, the dispersal of the costs of government, and the resulting theatrical…