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Replace TSA Incompetence with Market Efficiency.
Arnold Kling and Nick Schulz have a great column in USA Today explaining why we should let private companies be in charge of airline security. As a frequent traveler, I… Read more
Attacks on Wall Street Hurt American Global Competitiveness.
In a National Review Online article, Kevin Williamson notes that a proposed federal banking tax seems purely inspired by vilification politics, but will none-the-less put American banks at a very real… Read more
Omen for Massachusetts?
As reported by the Financial Times, Sebastian Pinera, the brother of Cato’s Jose Pinera, was elected President of Chile this weekend. The press is viewing Pinera’s election through the right-left… Read more
Tom Sowell vs. Empty Pseudo-Intellectualism.
Do stores in low-income neighborhoods charge higher prices because of racism, or greed? That’s what some academics argue, but Tom Sowell points out that there are real economic factors that… Read more
Don't Trust Economists.
Sometimes a picture really does tell a thousand words. Here’s a chart, based on data from the Philadelphia Fed, showing actual economic results compared to the predictions of professional economists…. Read more
Should the Government Subsidize Mortgages for People Who Bought More Home than They Could Afford?
Appearing on Larry Kudlow’s show, Dan Mitchell debates this topic. More important, he asks the fundamental question of whether there should be any government intervention in housing markets. http://www.youtube.com/watch?v=cXpcJkGcrXs
You Pay while Fannie and Freddie Play.
The Wall Street Journal has more details about the sordid redistribution of our money to the insiders at Fannie Mae and Freddie mac: …there’s still some ugly 2009 business to report: To… Read more
Another "Eminent Domain" Scandal.
Ever since the Supreme Court’s odious Kelo decision, which allowed a city in Connecticut to seize a woman’s home for the benefit of a politically-connected big corporation, there has been… Read more
Weekly Economics Lesson.
Great column by Arnold Kling and Nick Schulz on how markets really operate – and why government intervention either causes problems or prevents markets from fixing them. For those of… Read more
