Many people at various points on the political spectrum have claimed that the U.S. thirst for oil is so great that, unless we change our habits (the … - David R. Henderson

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Many people at various points on the political spectrum have claimed that the U.S. thirst for oil is so great that, unless we change our habits (the left emphasizes conservation, and the right emphasizes drilling in the Arctic wildlife refuge and elsewhere), the U.S. government will find itself drawn into wars to maintain access. This thinking shows a fundamental misunderstanding of how energy markets work. There is no good case for going to war over oil.

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About David R. Henderson

David R. Henderson (born November 21, 1950) is a Canadian-born American economist and author who moved to the United States in 1972 and became a U.S. citizen in 1986, serving on President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984

Also Known As

Alternative Names: David Henderson David Richard Henderson
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Additional quotes by David R. Henderson

Why did all these people—Lady Godiva, the barons of England, William Tell, the Founding Fathers of the United States, and Henry David Thoreau—oppose taxes? Because they understood that taxation is, in essence, legalized theft. When a government taxes you, it takes something you own without your consent. That’s exactly what a thief does. The main difference is that the thief is breaking the law, whereas the government is (usually) taking your money legally.

Health care costs so darn much because we pay so darn little for it… So we have almost no incentive to care about how much it cost… Most of what we spend on health care is other people’s money. We never spend other people’s money as carefully as we spend our own.

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I noted that one reason we buy so much health care is that the price to us is artificially low; if we paid the full price for health care, we would make better life-style decisions on exercise, smoking, and foods and would need less health care.

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