It’s More Than Just Disclosure for Foreign Investors

“The most dangerous man to any government is the man who is able to think things out… without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” -H.L. Mencken 

It is often the case that laws have the exact opposite effect of their intended and stated purpose.  The Disclose Act has the stated goal of strengthening democracy.  One way intends to do this is to ban foreign nationals from contributing to American electoral politics.  However, is democracy strengthened by denying foreign nationals not only a vote but also a voice in affairs that have a major impact on their lives and well being?  

USA Today, on both sides of its editorial page debate, addresses the unequal treatment of interest groups, which is admittedly grotesque, but fails to mention the injustice of this law to the 1st Amendment rights of foreigners on our soil.  Or do foreigners have no rights on our soil?

F.A. Hayek and John Kenneth Galbraith had it out about the merits of advertisements in N. Gregory Mankiw’s introductory economics textbook (though maybe not in real life) that Dr. Mankiw reproduces in his blog.  Indeed, I highly recommend reading this particular blog to any reader of Ludwig von Mises.  

Published in

Post a comment