Thursday, March 30, 2017

Economics

Government Needs a Blockchain, and a Hard Fork

Health care, taxes, education, foreign policy – everything needs to be reformed, and fast. The situation with Congress, however, is impossible. Every Democrat is dedicated to opposing anything put forward by the Republican majority....

Steve Bannon Dismisses Austrian Economics

Writing in The New York Times Magazine about last week’s stillborn RyanCare bill, Robert Draper recalls a conversation he had with White House strategist Stephen Bannon earlier this year. Bannon, lamenting the ability of...

A Helpful Reminder: Environmental Regulations Are Regressive

President Donald Trump promised to loosen energy and environmental regulations during his campaign, and he's already taken some steps to fulfill this pledge. Earlier this month, Trump announced that he was reviewing the aggressive auto fuel-economy...

How the Global Drug War Pushed Down Heroin Prices

In the 1950s, Corsican gangsters such as Lucky Luciano created a mafia empire by smuggling morphine base from Turkey to Sicily, where it was refined into heroin, then shipped to France and finally to...

Robert Tollison and Operationalizing Public Choice

1 Introduction Anyone who knew Robert Tollison also knew his love of sports. He was a great sports fan as well as a great sports analyst. For many years, he continued to play pickup basketball...

Real vs Fake Health Care Reform, and How to Tell the Difference

You want to know why the “freedom caucus” has balked at passing the Trump-backed Ryancare health care proposal? Because the package does not address the core problem of the existing system. They are leaning –...

The New Deal, Part 1: Domestic Policy

Today, few Americans are left from the Greatest Generation (a phrase which my father, born in 1912, would have seen as obvious propaganda). There are more, perhaps, who experienced the New Deal directly as...

One More Flaw in Conservative Health Care Reform

Conservatives oppose federally mandated health insurance benefits (maternity, etc.), but they favor states having the power to mandate such benefits, which they already have. But conservatives (e.g., the Heritage Foundation) say they also favor...

Only Markets Can Win the War on Poverty

"What about the poor?" An interviewer just asked me the question following my usual call for markets in everything. It’s probably the 100th time this has happened. The question amazes me because the implication behind it...

Help That Hurts: The Case of US Food Aid

President Trump's discretionary budget proposal includes a $182 million cut to the McGovern-Dole Food for Education program, eliminating the program entirely. Whatever else one thinks of Trump's budget, this is a good idea. It will...