Archive for October, 2009

Land of Obama Signs Away Children’s Future to Teachers’ Union »

President Obama has declared that “the challenges of a new century demand more time in the classroom.” Yet the State of Hawaii, where Obama himself graduated from a top private high school, has just signed a budget-cutting contract with its teachers’ union paring 17 Fridays from the remainder of school year, but leaving teachers...
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Never Trust a Government Conviction »

Megan Williams now says she was lying all along when accusing seven men of kidnapping, sexually abusing and assaulting her. The seven plead guilty to charges two years ago. Indeed, “former Logan County prosecutor Brian Abraham, who was in charge of the case, said no one ever went to jail because of Williams’ statements....
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Is This How Carbon Credits Work? »

Leon County, Florida, where I live, is selling carbon credits for methane gas it is burning from the county landfill, going part-way into turning our garbage into cash. Here’s the story (facts come from the local paper, the Tallahassee Democrat, October 19, page 3A). Because of complaints of nearby residents of odors coming from...
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Antitrust Law: Another Bizarro World »

Peter Klein’s post about the bizarro world in which the SEC prefers not to define insider trading too carefully, lest that definition cramp the government’s prosecutorial style, reminds me of the similarly vague definition of price fixing for purposes of enforcing the antitrust laws. The best acccount I have seen of this matter comes from R....
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Rush Limbaugh and the Race Hustle »

In a recent op-ed for the Wall Street Journal, Rush Limbaugh defends his record (“I am not a racist”) and further points out the double standard allowing left-liberals off the hook for statements that are clearly racist. Limbaugh’s defense highlights several problems for libertarians and conservatives: First, playing defense 24/7 is no way to...
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Hope and Change in Memphis »

I spoke to the local Campaign for Liberty group last night and wanted to thank everyone who made it an excellent event. It was everything a speaker could want: a large and enthusiastic crowd (they said they counted 72 people, I think), great conversation, and excellent questions peppered with healthy skepticism. My long-run optimism...
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The Administration’s Brazen Corporatist Hypocrisy »

On Sunday, leading Obama officials criticized Wall Street, complaining about high bonuses, blaming business for high unemployment and seemingly protesting that financial institutions have both taken on too much risk and yet have not lent out enough money. The administration is not accepting much blame on its own for the unemployment and economic slump....
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The Bizarro World of Insider-Trading Regulation »

Unintentionally funny line yesterday from state radio: [Law professor Steve Thel] says the SEC’s been under pressure for years to clarify the definition of insider training, but the commission has been reluctant. Regulators worry if the rule is defined too tightly, it’ll be harder to enforce. To understand insider-trading regulations, read Henry Manne, early...
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“Green” Hoax-Mongers Dupe Major Media (Again) »

Charlatans posing as representatives of the U.S. Chamber of Commerce issued a press release, sent out emails, and held a press conference at the Washington, D.C. National Press Club today, announcing the Chamber’s new “Free Enterprise Climate Policy” pushing for “strong climate legislation.” One mystery is how Reuters and other news agencies could have...
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Diagnostics and Therapeutics in Political Economy »

Since the early 1980s, I have been lecturing on the growth of government to a wide variety of audiences. In academic seminars and workshops, professors typically ask questions about my explanatory framework, my evidence, alternative explanations, possible counterexamples, and so forth. But when I speak to a friendly lay audience, the first question is...
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