In my more than 40 years of practicing law, I have learned that while lawsuits can bring disputes to an end, they cannot solve problems. Unfortunately, not all other lawyers have learned the same thing, and the effects of this…
Washington Post columnist Megan McArdle recently wrote that the best argument made in favor of limiting the size of the stimulus during the Great Recession — part of a larger conversation about austerity — was one of ethos. “We weren’t…
Boston University, Tufts, Wellesley College, and Yale aren’t the four best schools in the United States — just the four most expensive ones. The private schools each charge in excess of $90,000 for the 2024–2025 school year, the Boston Globe…
SACRAMENTO — President Joe Biden’s State of the Union address was mostly about political posturing (and proving that he was still alive and kicking) rather than policy, but one of the few granular policy areas he touched on involved something…
The Hail Mary pass. It’s a desperate, last-ditch attempt by a football team to score a touchdown in the waning seconds of the game. The pass usually comes from near midfield, well outside of the typical scoring zone, and, as…
Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep shoveling out the dumbest economic concept of…
As I survey the few friends I have left as I enter into old age, I see some who are in misery and some who are in pretty good shape psychologically and emotionally. There are many differences between them, and…
The Mont Pelerin Society held its 2023 annual meeting at the same venue as the historic 1944 Bretton Woods international monetary conference, the Mount Washington Resort in Bretton Woods, New Hampshire. The conference was held from October 29 to November…
Considering the current sympathy for Marxism disguised as “democratic socialism,” it has become necessary to revisit some basic facts, one of which is that capitalism is the most compassionate form of economy known to man and, as such, must be…
“For every complex problem,” wrote H.L. Mencken, “there is an answer that is clear, simple, and wrong.” The issues of “health care, infrastructure, education,” and “climate change” could all be solved — according to Stephanie Kelton, author of The Deficit…