When economic policy analysts examine the way that markets work, they use a set of long-established analytical tools that take into account the information available to decision-makers and the incentives they face. When they analyze government policies, they often substitute wishful thinking for the analytical tools they use to examine markets. The use of...
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Every day, New York city police commit 1,800 stop-and-frisk searches. Substantially less than one percent turn up guns—the supposed justification for the searches, and the carrying of which is protected by the Bill of Rights. In my piece for the Huffington Post, I noted the racial disparities and threats to civil liberties posed. New...
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