by Dan Mitchell | Jan 17, 2011 | Blogs, Crime, Free Market, Society
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...
by Dan Mitchell | Dec 28, 2010 | Blogs, Uncategorized
Like most federal agencies, the Federal Aviation Administration is a costly bureaucracy. Its $16.4 billion budget is enormous, but that is just the direct cost borne by taxpayers. The indirect costs, such as inefficiencies imposed on the air transportation system,...
by Dan Mitchell | Sep 14, 2010 | Big Government, Blogs, Welfare and Entitlements
I am pleasantly shocked to see that a healthy majority of respondents favor partial privatization of Social Security. I knew support was reasonably strong several years ago, but I feared that the financial crisis would have made Americans more leery of financial...
by Dan Mitchell | Aug 25, 2010 | Welfare and Entitlements
Unlike the United States and most European nations, Chile does not face a long-term Social Security crisis. This is because lawmakers shifted to a system of personal accounts almost 30 years ago. As a result, Chile’s economy is much stronger, the financial system is...
by Dan Mitchell | Aug 19, 2010 | Blogs, Welfare and Entitlements
Here’s my debate on Larry Kudlow’s show about Social Security personal retirement accounts.
