Archive for May, 2018
Golden Deep State

The surging national economy has given California a budget surplus by some accounts of more than $5 billion, with tax collections up about $3.8 billion above what Governor Jerry Brown anticipated in January. California taxpayers should not expect Brown to return any money to the taxpayers, in the style of governor George Deukmejian, who...
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Avengers: Infinity War Drops the Population Bomb

Avengers, Infinity War: In a world of finite resources, people need to die.

SCOTUS Arbitration Decision

Yesterday, the U.S. Supreme Court (5-4) upheld the right of employers and employees to agree to submit disputes to one-on-one arbitration. The decision is NLRB v. Murphy Oil USA, Inc. This is a great victory for the right of contract and opting out of the government courts in favor of private dispute resolving entities. I really...
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Johns Hopkins University: Launching Pad for My Fifty Years as a Professional Economist

Reflections on the university that bred success and sound economic thinking.

The Balance of International Payments Is Economic Nonsense

The nation-based “balance of international payments” accounting system is misleading and nonsensical.

Sports Betting Decision and Federalism

Last week the Supreme Court struck down provisions of the Professional and Amateur Sports Protection Act (PAPSA) that prohibit state authorization and licensing of sports gambling schemes. SCOTUS held that this statute violates the Constitution’s anticommandeering rule. The New York Times sums up the import of the decision as follows: The decision seems certain to result in...
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Can History Survive Duke University’s Nancy MacLean?

If Democracy in Chains represents the state of art in the research and critical thinking in Nancy MacLean’s field, History as an academic discipline is in serious intellectual trouble.

Another Latin American Tyrant: Nicaragua’s Daniel Ortega

Given that Venezuela monopolizes whatever interest there is in Latin America these days, we pay insufficient attention to another tyranny—that of Daniel Ortega.

Washington, DC: Where Torture Is More Forgivable than Harassment

Less than a month ago, President Trump’s nominee for the VA head chose to withdraw his name from consideration as allegations mounted—which he vehemently denied—of his having created a “toxic” work environment and assorted other peccadillos. Meanwhile, most of us have lost count of how many members of Congress have resigned due to allegations...
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A Hidden Cost of Inflation

One hidden cost of inflation is that it makes an increasingly large share of cash holdings and transactions subject to government surveillance.

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