Having just done a blog post where I explained that government should stay neutral in fights between labor and management in the private sector, let’s look at a real-world example to understand why. The millionaire owners and millionaire players from the National…
Daily Analysis
Obama’s Crony Capitalism Means the Poor Subsidize the Rich
I’ve always rejected coercive redistribution, particularly when imposed by the federal government. But some types of redistribution are worse than others, and when big business and big government get in bed together, ordinary people are the ones who get screwed. This…
Article on Bail Bondsmen Suggests New Nickname for the Private Sector: “Is There Anything It Can’t Do”?
Alex Tabarrok has a fascinating article in the Wilson Quarterly about the history of bail bondsmen and their role in this privatized segment of the criminal justice system. Let’s start by excerpting some history of the system. Bail began in medieval England as a…
America Falls to 9th Place in Index of Economic Freedom Ranking
I prefer the Fraser Institute’s Economic Freedom of the World over the Heritage/WSJ Index of Economic Freedom, not because I’m an expert on the methodology of the two publications, but for the simple reason that I assume Economic Freedom of the World must be slightly…
According to Census Data, People Vote with their Feet for Less Government
The world is a laboratory and different nations are public policy experiments. Not surprisingly, the evidence from these experiments is that nations with more freedom tend to grow faster and enjoy more prosperity. Nations with big governments, by contrast, are more…
Great Moments in Local Government
The South Los Angelos City Council is not satisfied with the culinary choices of the people of South Los Angelos. While consumers have been voting one way with their wallets, the City Council has voted to use government force to override their preferences. How many…
Everything You Need to Know about Healthcare Economics in One Chart
The title of this post may be a slight exaggeration. I actually recommend you read the entire two-page paper by Devon Herrick of the National Center for Policy Analysis. But this chart from that study is an excellent visual display of what’s wrong with the health care…
Great Video Exposing Failures of the Federal Reserve
Thanks to the folks at the Mises Institute, Professor George Selgin of the University of Georgia (!) has a superb presentation on the failings of the Federal Reserve. George was one of my professors at George Mason University back in the 1980s and is one of the…
Would You Rather Your Country Grow like France or Hong Kong?
A paper posted on the Social Science Research Network looks at nations that are prospering compared to those that are stagnating. Not surprisingly, limited government and free enterprise policies are associated with better economic performance. Here’s an excerpt from…
Wages Should Be Determined by Markets, not Quota-Driven Bureaucrats
Christina Hoff Sommers of the American Enterprise Institute decimates the bean-counting feminist “paycheck fairness” legislation being considered by the Senate. Republicans presumably know this is a bad idea, but one can only wonder whether they will do the right…