Tag: Rent-seeking

The Ex-Im Bank Redux »

Adam Smith, the first and still best of all of the world’s economists and moral philosophers, once wrote in opposition to all systems of “preference and restraint”. That lesson is lost on most politicians and all special pleaders who support re-authorization of the taxpayer-financed Export-Import Bank, whose funding is once again set to expire...
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Tax Freedom Day, 2015 »

The Tax Foundation announces “Tax Freedom Day” every year to mark the date on which the average U.S. taxpayer has earned enough income to pay in full all federal, state and local taxes owed. The date this year is today, Friday, April 24, 2015. “Tax Freedom Day” is determined by taking the ratio of...
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Google Agonistes »

News reports on Tax Day suggest that the European Commission wants to nail Google Inc.’s scalp to the wall as punishment for committing alleged antitrust (competition) law violations. At issue is the way in which the company assigns priorities to the links consumers see when they “google” generic search terms like “booksellers”, “cameras”, and...
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Shining Spotlight on Bogus U.C. Berkeley “Think Tank” During National Sunshine Week »

This week is National Sunshine Week, a time when many journalists across America publish stories on government spending and transparency. One organization that needs more sunshine is the Institute for Research on Labor and Employment (IRLE) at the University of California at Berkeley, a union propaganda mill disguised as an academic think tank and...
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A Case for Patent Reform »

For many decades most economists believed patents were key to the innovation and material progress enjoyed by the West. In recent years, however, many have looked at patents with growing skepticism, with some even suggesting that the patent system be scrapped. In contrast, economist Arthur M. Diamond Jr. (Univ. of Nebraska at Omaha) believes...
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Sorry, Your Minimum Wage Law Is a Nightmare »

The minimum wage is an economic nightmare. Let’s say it one more time, with feeling. The minimum wage is an economic nightmare. In the recent elections, voters throughout the U.S. took to the polls to elect their political leaders. Winners and losers were decided, the Republicans took control of the Senate, and pundits eagerly...
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Death Valley? Peter Thiel and Steve Jobs on What Could Kill Silicon Valley »

On January 27, legendary entrepreneur Peter Thiel told a packed house at an Independent Institute luncheon, at the Olympic Club in San Francisco, that to blaze new trails ask: “What important truth do very few people agree with me on?” One of mine is that California will not be the epicenter of the tech...
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Agonizing over Sports Teams’ Mascot Names »

I have written several columns on current controversies involving the apparent offensiveness of the Washington Redskins’ nickname, the most recent of which was published by the Washington Times. A later contribution to the same debate, by Hayley Manugia at FiveThirtyEight, finds 2,128 such American monikers, all of which should be equally offensive to people...
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Net Neutrality: Pushing on Another Side of the Balloon »

Yesterday I blogged on President Obama’s ill-conceived and statist call for the Federal Communications Commission (FCC) to regulate the Internet so as to prevent Internet Service Providers (ISPs), companies like Comcast, Time Warner, and AT&T, from charging differentially higher fees to Netflix, Amazon Prime, and other broadband “hogs” for subscribers’ access to online content....
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“Net Neutrality” Is an Oxymoron When Government Logs On »

President Obama released a video on Monday, November 10, asking the Federal Communications Commission to adopt rules that would keep the Internet what it always has been – “free and open.” The buzzword is “neutrality,” meaning that no telecom company or internet service provider (ISP) would be allowed to discriminate against some content providers...
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