Tag: Economics

Stores to Open on Thanksgiving—Don’t Complain. »

Over the past several weeks, the standard litany of holiday media stories has begun. While there is always some fun in guessing which reporter will get stuck with the “don’t set your house on fire with the deep fryer” segment, other stories are far more troubling. Around Thanksgiving and the start of the Christmas...
Read More »

The Anachronistic 1979 Oil Export Ban »

Political pressure is building to repeal the 1979 ban on U.S. exports of crude oil to the rest of the world. I blogged on that issue recently in Inside Sources, which was picked up by Orangeburg, South Carolina’s Times and Democrat. Other blogs on that policy issue are forthcoming. Several reasons for lifting the...
Read More »

Elizabeth Warren on the Economic Consequences of the Obama Administration »

Elizabeth Warren, recently appointed to a Democratic leadership position in the Senate, explained her priorities: “Wall Street ... is doing very well, CEOs are bringing in millions more and families all across the country are struggling,” she said. “We have to make this government work for the American people. And that’s what I will...
Read More »

Net Neutrality: Pushing on Another Side of the Balloon »

Yesterday I blogged on President Obama’s ill-conceived and statist call for the Federal Communications Commission (FCC) to regulate the Internet so as to prevent Internet Service Providers (ISPs), companies like Comcast, Time Warner, and AT&T, from charging differentially higher fees to Netflix, Amazon Prime, and other broadband “hogs” for subscribers’ access to online content....
Read More »

“Net Neutrality” Is an Oxymoron When Government Logs On »

President Obama released a video on Monday, November 10, asking the Federal Communications Commission to adopt rules that would keep the Internet what it always has been—“free and open.” The buzzword is “neutrality,” meaning that no telecom company or internet service provider (ISP) would be allowed to discriminate against some content providers by charging...
Read More »

Saudi Arabia Pressures Russia »

One remarkable aspect in the recent fall in global oil prices is that Saudi Arabia has not cut production to prop them up. Much of the speculation about why the Saudis have sat by passively and allowed the oil price decline has been that they are trying to undermine higher-cost producers in the US...
Read More »

Gordon Tullock and the Transitional Gains Trap »

Gordon Tullock, who died on Monday at the age of 92, was along with his longtime colleague James Buchanan, the founder of the modern field of public choice, which during the past fifty years has become a well-established subfield of economics and of political science and has also had an influence on other disciplines....
Read More »

Gordon Tullock, R.I.P. »

My friend and former colleague Gordon Tullock passed away on Election Day eve at the age of 92. Gordon was one of the great polymaths of the past more than half-century. Known best as the co-author (with Nobel laureate James M. Buchanan) of The Calculus of Consent: Logical Foundations of Constitutional Democracy (1962), Gordon invented...
Read More »

Gordon Tullock (1922-2014) »

Gordon Tullock, one of the founders of the sub-discipline of public choice, passed away November 3, at the age of 92. Public choice uses the methods of economics to analyze political decision-making, and Tullock’s book, co-authored with James Buchanan, The Calculus of Consent, was a pioneering work in public choice. It is the best-known...
Read More »

Airline Deregulation Act of 1978 »

President Jimmy Carter signed the Airline Deregulation Act on October 24, 1978. That law phased out the Civil Aeronautics Board (CAB) over the next four years, ending five decades of federal regulation of passenger airfares on interstate commercial flights and entry into the airline industry. One of prime movers behind this first legislative initiative...
Read More »