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352 pages, Paperback
First published January 1, 2003
Economic crimes should be punished much more severely than behavior that is considered merely unconventional or distasteful. When it comes to interfering with what consenting adults do behind closed doors, the government should obey some useful advice: mind your own business. 'Over himself, over his own body and mind,' wrote John Stuart Mill, 'the individual is sovereign.' Black markets will always be with us. But they will recede in importance when our public morality is consistent with our private one. The underground is a good measure of the progress and the health of nations. When much is wrong, much needs to be hidden.