The U.S. Department of Education will soon be handing out federal paychecks to teachers across the country. On July 18 President Obama unveiled his $1 billion Science, Technology, Engineering, and Math (STEM) Master Teacher Corps. According to the White House: The STEM Master Teacher Corps will begin with 50 exceptional STEM teachers established in...
Read More »

Just as noneconomists think wages can be set at any level, some people think that any public policy is possible. If wages are judged to be too low, the noneconomist thinks that’s because the business owner is hardhearted. If a public policy is judged insufficiently generous, the person unfamiliar with public choice thinks that...
Read More »