The Independent Institute

 
        

Pope Francis’s Failure to See Entrepreneurs as Good Samaritans Undercuts the Poor »

On April 25, a videotaped talk by Pope Francis was released at the international TED conference in Vancouver, Canada. The 18-minute talk, titled “Why the Only Future Worth Building Includes Everyone,” can be viewed here. Francis highlighted three themes, beginning with the observation that community is central to human existence: [L]ife flows through our...
Read More »

Sorry, Vegan Eatery—Good Intentions Don’t Absolve Your Economic Sins »

I frequently teach economics principles courses, offering many college students their first exposure to the subject. While we cover all the basics—supply and demand, elasticity (consumer and producer sensitivity to price changes), taxation, trade, and externalities—I’m under no illusion that most of them will remember a lot of the material come a year from...
Read More »

Time to Privatize Federal Public Land »

In a recent New York Times commentary titled “Give States Control Over Public Land Out West,” Robert H. Nelson wrote: “The federal government owns almost half the land in the American West—even California is some 46 percent federal land.” Here is what surface and subsurface federal ownership looks like on a map. The theory...
Read More »

Ronald Coase and the Battle of Breastfeeding »

People pay to make them bigger and smaller and there is an entire store in the mall dedicated to them. Every year, thousands of people walk to cure them of cancer. If there are 7 billion people in the world, this means about 3.5 billion people have them. What am I talking about? Today,...
Read More »

The Prime Importance of Private Property Rights »

Imagine for a moment you decide to rent out a room in your home to another person. There are two parties in the contract—the landlord (you) and the tenant. You both agree to the lease and sign the contract. Things are going fine, but then, your tenant stops paying their rent. The solution to...
Read More »

Regime Uncertainty: Reports Keep Coming In »

Each summer, Wall Street strategist Byron Wien convenes a meeting of high rollers to discuss the outlook for investment. This year’s meeting brought together fifty individuals, including more than ten billionaires. Their expectations, as reported by CNBC, are gloomy: “They saw the United States in a long-term slow growth environment with the near-term risk of recession quite...
Read More »

  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org