Buchanan's thoughts on politics and power

30 years after James Buchanan was awarded the Nobel Prize in Economic Sciences Niclas Berggren, IFN, and Karin Svanborg-Sjövall, Timbro, discussed the legacy of Buchanan in a podcast turned into a stage talk. One of the issues discussed was the legal policy framework needed, in the event that a politician is driven by self-interest. Donald Trump was mentioned. Niclas Berggren explained that Buchanan's idea was to set limits to what politicians can do. "When a person of a certain nature take power it is very important that we have institutions in place that can balance the power."