Tag: Economics

Republicans Split over Patent Reform »

The Washington Times has an interesting article on the division among Republicans on patent reform. According to the article: Two dozen prominent conservative political groups, led by the influential American Conservative Union, the Club for Growth and the Eagle Forum, sent a letter Wednesday to House Speaker John A. Boehner, Senate Majority Leader Mitch…
Read More »

Prostate Cancer Treatment Costs Can Differ by 400 Percent. Here’s Why »

The body of evidence that prices for medical and hospital treatment in the United States are all over the map is growing: UCLA researchers have for the first time described cost across an entire care process for a common condition called benign prostate hyperplasia (BPH) using time-driven activity-based costing. They found a 400 percent…
Read More »

The Costs and Benefits of Ethanol »

Here’s a back-of-the-envelope calculation on how much the mandate to require ethanol in motor fuel costs consumers, and benefits farmers. This article notes that in 2000 about 5% of the corn crop went to the production of ethanol, and by 2013, 40% of the corn crop was devoted to ethanol production. The increased demand…
Read More »

Florida’s Fiscal Policy: Responsible State Budgeting »

I’ve written a study for the Mercatus Center at George Mason University on Florida’s state government fiscal policy, which can be accessed here. The bottom line is that in an era of growing government and fiscal irresponsibility, Florida’s state government has a record of fiscal responsibility dating back two decades. Both state government expenditures…
Read More »

Are the Ruling Elites in China Now More Pro-market than the Ruling Elites in the USA? »

The current issue of the Cato Policy Report (January/February 2015) contains a short article about a book by Zhang Weiying called The Logic of the Market: An Insider’s View of Chinese Economic Reform, which was originally published in Chinese (and said to be a best-seller in China in that form) and was recently translated into English….
Read More »

It’s Called Recovery, but Where’s the Beef? »

Many economists and other analysts have recognized that the recovery from the U.S. economy’s most recent contraction has been unusually weak—weaker, for example, than any other since World War II. But analysts have disagreed in characterizing the current recovery, which according to the National Bureau of Economic Research, the semi-official arbiter of business-cycle chronology,…
Read More »

Apocalypse Not: The Legacy of Julian Simon »

“The ultimate resource is people—especially skilled, spirited, and hopeful young people endowed with liberty—who will exert their wills and imaginations for their own benefit and inevitably benefit the rest of us as well.” —Julian Simon February 12 marks the birthday of the late economist Julian Simon (1932–1998). On this special occasion, I wish to…
Read More »

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…
Read More »

How Much Longer Can the U.S. Economy Bear the Burdens? »

Ordinary people, and sometimes experts as well, tend to overreact to short-term economic changes. The current economic malaise in the United States and Europe has brought forth a bevy of commentators convinced that this time the economy has taken a permanent turn for the worse. Never again, they declare, will we enjoy growing prosperity…
Read More »

Peter Thiel’s Contrarian Manifesto »

[Editor’s Note: The Independent Institute is hosting a sold-out event, “Developing the Developed World: Entrepreneurship, Liberty, and the Future,” with Peter Thiel on Tuesday, January 27, 2015.] “Every moment in business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a…
Read More »

  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org