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Since the days of Adam Smith, economists have sought a set of social institutions which permit “neither dominion, nor discrimination,” to use Nobel Prize–winning economist James Buchanan’s phrase. In this, economists are joined by all people of goodwill—including those in the Biden administration, which has

How did the federal government acquire this omnipotent power? Certainly not by constitutional amendment. It acquired it by converting the federal government after World War II from a limited-government republic to a national security state. Original Article: "The Omnipotent Power to