Random Events

Random Events Sometimes unrelated events nevertheless tell a coherent story. One newspaper story that caught my eye recently was about two high-powered schools in South Korea where Korean girls study 15 hours a day, preparing themselves for tests to get into elite...

Seven Simple Rules for Health Care Reform

The status quo in American health care is indefensible–an expensive regulatory and bureaucratic mess. What that calls for, however, is not more layers of regulation and complicated mandates. Nor should government take over health care completely and run it as...

John Hancock and Cigarette Smuggling

While it’s politically popular to impose confiscatory taxes on America’s 40 million tobacco smokers, there are a number of consequences one might consider, but let’s start out with a quiz. If a carton of cigarettes sells for $160 in New York City,...

Obama: An Old Newness

Many years ago, a great hitter named Paul Waner was nearing the end of his long career. He entered a ballgame with 2,999 hits — one hit away from the landmark total of 3,000, which so many hitters want to reach, but which relatively few actually do reach. Waner...

The Economics of College, Part III

Why does college cost so much? There are two basic reasons. The first is that people will pay what the colleges charge. The second is that there is little incentive for colleges to reduce the tuition they charge. Those who want the government to provide subsidies to...

Politics and Black Americans

Dr. Thomas Sowell’s recent column, “Republicans and Blacks,” (April 10, 2008) pointed out the foolhardiness of Republican strategy to secure more black votes. He pointed out that it is a losing strategy to reach blacks through the civil rights...

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