An interesting piece by Nathan Lewis at The Daily Reckoning that should be tattooed on the forehead of every misbegotten pundit confusing the airwaves with his bad definitions and sorrier prescriptions. Lewis doesn’t make the usual libertarian mistake of discussing concepts without refining the context in which those concepts are applied. First, he distinguishes between types of spending cuts. Second, he also addresses the issue of public perception and attitude, which most libertarians don’t even consider part of the debate. Third, he takes into account the order in which things are done. Continue reading →