Tag: Public Choice

The Independent Review — Spring 2014 Issue Now Available »

The Spring 2014 issue of The Independent Review, the Independent Institute’s quarterly journal, has just been printed and is en route to subscribers. Here’s a quick look at the contents: Is the near extermination of the North American bison a clear example of “the tragedy of the commons”? No, not if, like Peter J....
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New Faculty for 2014 Challenge of Liberty Student Seminars »

Every year, the Independent Institute’s Challenge of Liberty Student Seminars become a forum for students to learn the foundations of a free and prosperous society. These seminars are inspiring, challenging, and fun—in large part because the speakers we invite are exceptionally devoted to teaching and mentoring students. In 2014, three new speakers will join...
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Challenge of Liberty Student Seminars—Application Deadline: March 31 »

The Challenge of Liberty Student Seminars are returning for another exciting season! Thanks to the generous support of donors, we will hold two seminars for college students — one at the University of Denver (June 16–20) and one at the University of California, Berkeley (July 7–11) — and one seminar for high-school students at...
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The Median Voter, the Marginal Consumer, and Obamacare: Why No Politician Competes for the Votes of Patients with Bladder Cancer »

On October 30, President Obama gave a now infamous speech celebrating the going out of business of so-called “bad apple” insurers. According to the President, “before the Affordable Care Act, these bad apple insurers had free rein every single year to limit the care that you received or used minor pre-existing conditions to jack...
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All Government Policies Succeed in the Long Run »

A crazy claim you are probably thinking after reading my title. After all, “failed policies” are a staple of discussions and debates about government actions in the United States. Everybody, regardless of political preferences, has a list of what he regards as the most glaringly failed policies. This way of looking at the matter,...
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California’s Pension Tsunami Swells as Pension Benefits Surge »

The California Public Employees’ Retirement System (CalPERS) is the nation’s largest public pension fund. It also has massive unfunded liabilities, as much as $290 billion depending on the calculation method. Many are quick to blame the Great Recession and its low investment returns for the unfunded debts. But new data uncovered by the Sacramento...
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Romanticizing Healthcare Reform »

One of the most important tenets of public choice economics is the observation that we do not become different people when we leave the private sector and enter the public square. We do not become less selfish, for example, when we leave the supermarket and enter the voting booth. Nor do we become more...
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Crony Capitalism? »

The US Postal Service is selling hundreds of properties in prime locations across the country to help them deal with their financial difficulties. In the past, the USPS has used multiple real estate agents to sell their properties, but in 2011 the USPS signed a contract with CBRE Group to be the sole provider...
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What Gives Rise to “Crony Capitalism”? »

The term crony capitalism has appeared frequently in the popular press of late, but rarely has it been used—let alone defined—in the academic literature. Independent Institute Research Fellow Randall G. Holcombe, a frequent contributor to The Beacon, helps remedy this deficiency in an article published in the Spring 2013 issue of The Independent Review. “Crony capitalism,”...
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Why Are Cops Acting Like Soldiers? »

From the early days of the United States to the post-Reconstruction era and beyond, Americans viewed the separation of the military from law enforcement as essential for the health of the republic. In recent years, however, the line between the police and the military has become increasingly blurred, with police departments across the United...
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