Leading libertarian intellectuals are now disavowing the label (Tyler Cowan says he's now a "State Capacity Libertarian") thanks to the total failure of libertarianism to cope with climate change. Read the rest
The Koch brothers are quite an enigma: on the one hand, they owe their vast fortune to extremely long-range planning: Charles Koch is famously contemptuous of entrepreneurs who take their companies public, believing that the public markets insist on such short timescales that they undermine real growth; and he grew his father's hydrocarbon empire by investing heavily in automation systems with extremely long amortization schedules. Read the rest
