Tag: Free Market

The Economics of Offensive Trademarks »

My fellow blogger William Shughart recently gave a good critique of the Patent and Trademark Office’s decision to rescind protection of the Washington Redskins’ name. I agree with him that whether some people view a trademark as offensive should not be a criterion for determining whether it should be protected. If a large number...
Read More »

Virginia DMV and Taxi Unions versus Consumers »

“Competition always has been, and always will be, disagreeable to those who are affected by it. Thus we see that in all times and in all places men try to get rid of it.” —Frédéric Bastiat Last week, the Virginia Department of Motor Vehicles (DMV) sent cease-and-desist letters to app-based, ride-sharing services Uber and...
Read More »

Common Core: Raising the Bar-barians »

“Barbarians at the gate.” That’s what Arizona Superintendent of Public Instruction John Huppenthal called opponents of Common Core national standards earlier this month. His remarks are symptomatic of just how far elected officials within and outside Arizona have strayed from our Constitution, which doesn’t even contain the word “education.” Supporters claim Common Core will...
Read More »

Stagnation Nation? High School Seniors’ Results on Nation’s Report Card Didn’t Budge »

The U.S. Department of Education recently released grade 12 results in reading and math from the 2013 National Assessment of Educational Progress (NAEP), also known as the Nation’s Report Card. In a nutshell, performance stayed largely unchanged from the 2009 assessment. What’s more, experts worry that students are graduating largely unprepared for college or...
Read More »

This Memorial Day Honor Vets with Education Savings Accounts »

President Obama has vowed to fix the intolerable mismanagement of Phoenix Veterans Affairs Hospital, which resulted in dozens of deaths and reports of patients put on secret waiting lists for care. Thankfully Arizona is not waiting around to do the right thing for veterans and their families—and neither should any other state. On April...
Read More »

Dining with Stalin »

“In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.” —Ludwig von Mises When I was driving to work earlier this week, I heard a fascinating story on...
Read More »

Piketty on Inequality »

The ultimate thesis in Thomas Piketty’s Capitalism in the Twenty-First Century is that the return on capital is higher than the growth in output and wages, so the owners of capital will see their wealth, and therefore, incomes, rise faster than those who earn the bulk of their incomes through labor. The distribution of...
Read More »

The Austrian School of Economics »

I’ve just published a short book, Advanced Introduction to the Austrian School of Economics, which is designed to give people with some knowledge of economics an explanation of what ideas distinguish the Austrian school from mainstream economic thought. The paperback is relatively affordable ($22.36 if ordered on-line). The book is much slimmer in person...
Read More »

Gary S. Becker, R.I.P. »

I first met Professor Gary Becker (1930-2014) about 15 years ago, when he came to Oxford, Miss., to present a public lecture at the University of Mississippi sponsored by the Robert M. Hearin Foundation. My coauthor and then-colleague Bob Tollison and I breakfasted with him early on the morning of Dr. Becker’s visit, after...
Read More »

Common Core Makes Simple Math as Complicated as the Tax Code »

Those of us recovering from tax day should be more than ready to answer a simple subtraction problem: What’s 427—316? If you mastered elementary math sometime before the onset of Common Core national standards and after “new math” had fallen out of fashion, then you can solve this problem in about three easy steps,...
Read More »