#Fusionism, #Libertarianism, #PublicChoice, #PoliticalEconomy, #InstitutionalEconomics
www.eccentricecon.com/p/the-asymme...

Buchanan’s insight: politicians respond to incentives like the rest of us. Borrowing lets them cut taxes AND expand programs, with the bill sent to voters who can’t vote yet.

The fix isn’t better politicians. It’s better rules. #PublicChoice