‘If we wish to preserve a free society,” Friedrich Hayek observed, “it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion.” New York Gov. Andrew Cuomo is a cautionary example. Mr. Cuomo issued a statement in April warning financial institutions that they faced “reputational risk” if they do business with the National Rifle Association: “I am directing the Department of Financial Services to urge insurers and bankers statewide to determine whether...

Source: Wall Street Journal June 06, 2018 23:03 UTC