Tag: California

Sorry, Your Minimum Wage Law Is a Nightmare »

The minimum wage is an economic nightmare. Let’s say it one more time, with feeling. The minimum wage is an economic nightmare. In the recent elections, voters throughout the U.S. took to the polls to elect their political leaders. Winners and losers were decided, the Republicans took control of the Senate, and pundits eagerly...
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Modern Tech Suggests Government Data on Police-Related Homicides Flawed »

The Federal Bureau of Investigation (FBI) publishes statistics on police-involved homicides, while on duty, of civilians. Its system relies on voluntary self-reporting by the nation’s more than 18,000 local and state police agencies. Self-reporting works well when there is an incentive to report and an incentive to report accurately. But police departments have no...
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Death Valley? Peter Thiel and Steve Jobs on What Could Kill Silicon Valley »

On January 27, legendary entrepreneur Peter Thiel told a packed house at an Independent Institute luncheon, at the Olympic Club in San Francisco, that to blaze new trails ask: “What important truth do very few people agree with me on?” One of mine is that California will not be the epicenter of the tech...
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The Moral Argument Governor Brown’s Inaugural Speech Left Out »

As a teenager, Jerry Brown left Santa Clara University to attend a Jesuit seminary, intent on becoming a Catholic priest. Moral arguments in the context of public-policy debates have always been important to him. So during his inaugural address on January 5, as he became California’s governor for an historic fourth term, Brown quoted...
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Student Debt and Default Explode While U.S. Department of Education Fiddles »

A new report from the U.S. Department of Education’s Office of Inspector General (OIG) examined what steps it had taken from fiscal years 2011 through 2014 to improve student debt and loan repayment rates. In a nutshell, a big fat nothing—and taxpayers will be stuck paying off tens of billions in bad loans as...
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All Men Are Brothers, but All Too Often They Do Not Act Accordingly »

In “The Communist Manifesto,” Marx and Engels tell us that “[t]he history of all hitherto existing society is the history of class struggles.” In a sense, I agree, although I define the struggling classes differently than they did. In any event, it seems clear enough from what we know about the past ten thousand...
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Students Won’t Be Collateral Damage in California Big Spenders’ Showdown »

There’s a showdown brewing in California’s not-so-OK Corral—make that the UC Corral—and students are fed up with being the ones caught in the crossfire. It started back in 2012 when Gov. Jerry Brown threatened to slash state funding for California’s ten University of California campuses unless his Proposition 30  (also known as the “Millionaire’s Tax”)...
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Obama’s Undisciplined School Discipline Reforms »

Keeping kids safe at school should go hand in hand with ensuring high-quality academics. The U.S. Department of Education’s record on both fronts has been poor at best. During the No Child Left Behind era of George W. Bush, parents were supposed to have an Unsafe School Choice Option. Partisan politics and perverse incentives...
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Hillary’s Right About Jobs »

Hillary Clinton’s recent exhortation “Don’t let anybody tell you that it’s corporations and businesses that create jobs,” has been drawing a lot of flack from conservatives, but it’s pretty much true these days. Back in the olden days, of course, businesses did create jobs. But now, not so much. Here are the number of...
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Berkeley’s Free Medical Marijuana Plan Shows Economic Thinking Has Gone to Pot »

In 1996, California passed Proposition 215, making it the first state to legalize medicinal marijuana. Its passage, however, did not trump federal law, under which cannabis remains illegal as per the Controlled Substance Act. Due to this illegality on the federal level, private insurance companies, as well as state programs like Medi-Cal, do not...
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