When Government Fails, Papa John’s Delivers »

Parts of the southern United States were hit particular hard by hurricane Matthew last week. Between the wind and the rain, flooding and power outages took place from Florida up through the Carolinas. For many of us, things like losing power are minor inconveniences. For others, however, this is not the case. Losing power...
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Dealing with Mistakes: Government Action versus Private Action »

Government can hardly ever do just one thing. Its action has repercussions, and these repercussions have repercussions, and so forth. Even when the government’s initial action may seem compassionate or productive, it is highly unlike that the repercussions will prove likewise. Of course, private action also has repercussions, some of which may be unpleasant...
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Obama Is Half Right about Katrina »

Speaking in New Orleans on the tenth anniversary of Hurricane Katrina, President Obama declared: What started out as a natural disaster became a man-made one—a failure of government to look out for its own citizens. He then, typically, dissembled the argument, pointing to a mish-mash of “economic inequality ... a country that tolerated poverty.”...
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Markets Promote Peace and Harmony »

The market economy is a remarkable institution: It reduces poverty, decreases discrimination, and provides opportunities for constructive social and economic advancement far more reliably than do government programs. And yet despite all the good that markets do, many people are dubious about the moral case for markets. As economist Dwight R. Lee writes in...
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War on Terror Is Bad for Economy »

President Obama’s Jobs and Competitiveness Council released five “fast-action” recommendations for things the government can do that will result in 1 million jobs on a near-term basis. Among the ideas was: Boost jobs in travel and tourism. This industry is one of America’s largest employers, but the United States has lost significant market share....
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Bush’s FEMA Was No Gem Either »

Open Letter to The Wall Street Journal June 23, 2010 Dear Editor: Paul Rubin argues that President Obama is getting a free pass in the media in light of the environmental disaster caused by the BP oil spill. The press, on the other hand, harshly chastised President Bush, for what Rubin thinks was a...
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Should We Subsidize Media? »

There has been much hand-wringing over the decline of traditional media. Katherine Mangu-Ward consoles those who fear a post-paper media environment and offers some helpful suggestions; in The Freeman Online, Ed Lopez asks whether the decline of newspapers is a market failure and explains why it isn’t. He shows that this is a case...
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The Pursuit of Justice and Elected vs. Appointed Judges »

In my earlier post I outlined the way that economics is applied to analyze incentives in the legal system. The most fruitful area of research in this vein, and arguably the most important one, has focused on the behavior of judges. Unlike consumers and producers in market settings, the relevant incentives for judges’ behavior...
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org