The Independent Institute

 
        

California’s Dream World »

California Gov. Jerry Brown caved in recently to intense lobbying from labor-union leaders and signed a bill to raise the state’s minimum wage from $10 to $15 per hour by 2022. “California is proving once again that it can get things done and help people get ahead,” Brown said. Dream on, Gov. Brown –...
Read More »

Beware Survivorship Bias »

Suppose you wanted to know how many of the soldiers, sailors, and airmen who served during World War II were killed in that war. So you sent inquiries to a random sample of persons whose names were drawn from a list of all those who served in the military during the war, asking: Were...
Read More »

Love Gov: “Too Real”? »

As part of our recent exhibit at the FreedomFest conference, we continuously screened our new online video series Love Gov. If you haven’t had a chance to watch it yet, each of the approximately 5-minute episodes deals with one of the five key issues that the Harvard Institute of Politics, Pew Research, and other...
Read More »

Higher Minimum Wage Leaves Working Poor Without Childcare »

Oakland’s voters who approved the March 1 increase of the minimum wage to $12.25 apparently drank the Kool-aid that it would “help the poor.” Tell that to the working poor parents who will now be scrambling to find good, affordable child care: Workers who benefit from Oakland’s minimum wage hike might soon lose a...
Read More »

What Makes a Miserable Country? »

Venezuela is the world’s most miserable country, according to a team of researchers at Johns Hopkins University who have calculated a World Misery Index. “Misery” is measured as the sum of a country’s inflation rate, unemployment rate, and interest rate, minus the annual percentage change in real GDP per capita. The higher the total...
Read More »

The State of the Disunion »

Top stories in world news last week: New Snowden Documents Reveal that the NSA is Preparing for Cyber War According to top secret documents from the archive of NSA whistleblower Edward Snowden seen exclusively by SPIEGEL, they are planning for wars of the future in which the Internet will play a critical role, with...
Read More »

Hillary’s Right About Jobs »

Hillary Clinton’s recent exhortation “Don’t let anybody tell you that it’s corporations and businesses that create jobs,” has been drawing a lot of flack from conservatives, but it’s pretty much true these days. Back in the olden days, of course, businesses did create jobs. But now, not so much. Here are the number of...
Read More »

Jean Tirole, 2014 Nobel Laureate in Economic Sciences »

The 2014 Nobel Prize in Economic Sciences was awarded to Jean Tirole of the Toulouse School of Economics. According to Reuters, the prize recognizes Professor Tirole’s work aimed at “taming” private business firms through governmental regulatory interventions and antitrust law enforcement. That summary is true as far as it goes. Professor Tirole indeed spent...
Read More »

Amazon’s “Dark Side” Is a Bright Spot for Workers and Consumers »

Jim Hightower is an old-fashioned Texas progressive, who, if memory serves, once ran unsuccessfully for the governorship of that state. He may be a great polemicist – see “The Dark Side of Amazon” – but he does not know the first thing about how markets work and how Amazon.com, like Wal-Mart, is a benefactor...
Read More »

Obama’s Latest Hostile Takeover Target: Private Career Colleges »

The Obama administration’s latest college crusade claims it will help students. In reality, it’s a hostile takeover attempt by government of the private for-profit career college sector that will hurt students, taxpayers, and the economy. Education Secretary Arne Duncan acknowledges that the “majority of career colleges play a vital role in training our workforce...
Read More »

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