Tag: Free Market

Always Look on the Bright Side of Life »

“The twenty-first century will be a magnificent time to be alive. Dare be an optimist.” —Matt Ridley On November 12, 2014, the world watched with excitement as another historic human achievement unfolded: After a decade-long journey that covered 4 billion miles in space, the first human spacecraft landed on a comet. This remarkable event...
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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...
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Distorted Education Attack Ads Hide the Facts »

Political campaigns across the country are heating up—thanks in no small part to all the hot air surrounding accusations about alleged “cuts” to education funding. As I explain in a recent USA Today column: In North Carolina, Democratic Sen. Kay Hagan has been savaging her opponent, Republican N.C. House Speaker Thom Tillis, for allegedly cutting $500 million from...
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Jean Tirole, 2014 Nobel Laureate in Economic Sciences »

The 2014 Nobel Prize in Economic Sciences was awarded to Jean Tirole of the Toulouse School of Economics. According to Reuters, the prize recognizes Professor Tirole’s work aimed at “taming” private business firms through governmental regulatory interventions and antitrust law enforcement. That summary is true as far as it goes. Professor Tirole indeed spent...
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Amazon’s “Dark Side” Is a Bright Spot for Workers and Consumers »

Jim Hightower is an old-fashioned Texas progressive, who, if memory serves, once ran unsuccessfully for the governorship of that state. He may be a great polemicist—see “The Dark Side of Amazon”—but he does not know the first thing about how markets work and how Amazon.com, like Wal-Mart, is a benefactor of consumers nationwide and...
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Public Schools and Government Schools »

Earlier this year, I was saddened by the passing of Stanley Marshall, founder of the James Madison Institute, an organization that promotes individual freedom in Florida. Stan was president of Florida State University from 1969-1976, and went into private business before founding the James Madison Institute in 1987. I have worked with the Institute...
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Coming Soon to California: Teachers’ Right to Work? »

Big changes could be in the works for the California Teachers Association (CTA), the state affiliate of the country’s largest teachers union, the National Education Association (NEA). The CTA claims it has 325,000 members. How many of them are voluntary dues-paying members is anybody’s guess. In the past the CTA has demolished “paycheck protection”...
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Common Core Called the “Obamacare of Education” »

US Senator Mike Lee (R-UT) makes a compelling case for abolishing Common Core in a recent letter. As Newsmax reports: “As a U.S. Senator, I’ve seen the federal government make a mess of everything it touches,” the Utah Republican wrote in the email sent out Monday morning. “And if they’re allowed to stay, Common...
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Gaming Gainful Employment »

It looks like the U.S. Department of Education is fudging the numbers...again. The Obama administration is taking another run at imposing onerous gainful-employment regulations on private, for-profit career colleges. Under the new proposed regulations unveiled earlier this year, for students to qualify for federal aid for-profit career colleges must prove the estimated annual loan...
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Celebrating Human Action—Ludwig von Mises’s Masterpiece »

September 14 marked the 65th anniversary of the publication of Ludwig von Mises’s masterpiece Human Action. I have been studying Mises’s classic text very carefully the past two years, as I’ve completed the manuscript for a forthcoming Independent Institute book, Cooperation and Enterprise: The Economics of Choice, that crystallizes the essence of Human Action...
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