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Category Archive for 'Institutions'

We’ve suggested here several times that regardless of one’s views of the President’s economic and foreign policy positions or even your own political disposition, it would be hard to argue that he has been great for the black community. The latest illustration (or lack thereof) has been the President’s awkward silence on the Adrian Peterson […]

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Pravda

Here are the required summer readings for the local government middle school this summer: In case you can’t see them: No stories of Henry Ford or Josiah Wedgewood or even Isaac Newton. Nope. The government schools turning kids into little activists and accepting unquestioned the “science” of a pop book on food. And I’m paying […]

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On Sunday we asserted here that there has not been much innovation in “roads” over the past four decades or so. The post provoked some interesting responses so I thought it made sense to revisit the topic. The focus was on innovation on not generally on the history of road provision, the “publicness” of roads, […]

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I assume some will find this in bad taste in light of last week’s tragedies in Boston. But just in case anyone was paying attention, we’re closing in on a dozen years since the WTC was destroyed and it’s rebuild is still not complete yet, so I find it hard to read notes that New […]

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I suppose one downside to having a family is that it gives you more to worry about when it comes to these matters. Of course, it gives you a bigger reason to give a damn too. Here, via Coyote via Popehat, is a lesson my kids (not children) will learn from me and their mother: […]

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Did you ever spend gargantuan amounts of time obsessing about a particular decision or purchase? Which graduate school should you attend? What kind of car should you buy? Or spending weeks and weeks and weeks waiting for the perfect deal, or for a good-used version of some product that you want to come up for […]

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Perhaps the most sophisticated argument that markets “fail” is that two parties to a transaction are rarely privy to the same information (you can write down a problem where total ignorance is better than partial ignorance for market outcomes). In the presence of information asymmetries you would expect certain parties to be driven from the […]

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How often do you encounter organizations that seem to have “no agenda” or claim to be “non-partisan.” If ever there was a time to do some mental substitution, this would be it. I worked for a “non-partisan economic research foundation” once. They were gold bugs and some strange blend of Marxist sympathising libertarians. I had […]

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“The Year Was 2012, and Everyone Was Finally Equal” 11 years ago the U.S. Supreme Court ruled in favor of Casey Martin, a player of considerable talent who was suffering from a terrible degenerative leg disorder, against the PGA TOUR (these are other players by the way, not some evil corporation) in his request to […]

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(1) One of the most influential and long-lasting Supreme Court Decisions was the Wickard v. Filburn decision in 1942 which basically said that¬†anything¬†is interstate commerce. In this case, a farmer in Ohio decided to grow extra wheat for himself, wheat that was never going to leave his farm and be consumed entirely by his family/farm […]

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