Cut leviathan's hunger for tax - The Australian

THE death last week of Nobel prize-winning economist James Buchanan captured newspaper headlines around the world, and for good reason.

Taught economics by some of the leading figures of the Chicago School, Buchanan later staked his own path of intellectual originality by suggesting that politicians, just like market participants, act in their own self-interest, and that institutional reform is central to improving the integrity of fiscal and monetary policymaking.