Tag: Politics

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...
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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...
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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...
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Patent Trolls and Trial Lawyers Thwart Patent Reform »

Time reports that Sen. Pat Leahy, the chairman of the Senate Judiciary Committee, has pulled the patent reform legislation from the Senate’s agenda. Here is a snippet from the article: Needless to say, trial lawyers are among the groups that benefit the most from rampant patent litigation. Engine Advocacy, a non-profit group that works...
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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...
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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...
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Piketty’s Capital: IV »

I’ve made some observations about Thomas Piketty’s Capital in the Twenty-First Century already, here, here, and here, and in this post want to note the way that the twentieth-century welfare state has contributed to the inequality that Piketty has observed. Piketty observes that growing inequality is the result of the return on capital being...
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Wait! You May Not Need to Lop Off So Many Heads »

The current U.S. population is about 318 million. Approximately 25 percent of these people are younger than 18 years of age, which leaves roughly 239 million adults. Of these, therefore, the 1% with the greatest incomes number about 2,390,000 persons. How many of these do you suppose possess extraordinary political clout? My not-entirely-wild guess...
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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...
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Do You Remember the Sixties? »

Do you remember the Sixties? I do, vividly. The latter half of that decade was the worst time of my life so far as the enveloping social and political conditions were concerned: endless, horrifying war; unraveling civil rights movement; urban riots and violence; political assassinations and mass protests; university upheavals and bombings; police brutality...
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