The Failure of Field Trips, Part 2

In my recent article “The Failure of Field Trips,” I explained what is wrong with traditional school outings. The typical field trip is irrelevant to the students’ education, either because they have been unprepared to appreciate it by their...

Creating Effective Incentives

What should our response be if terrorists set off a nuclear explosion, or some other weapon of mass destruction, in one of our cities? I put this question to Professor Victor Hanson, senior research fellow at Stanford University’s prestigious Hoover Institution,...

The Double “Thank-You” Moment

Some people hate me because I defend free markets. Once someone accosted me on a New York City street and said, “I hope you die soon.” Why the hostility to commerce? What could be more benign than the freedom to trade with whomever you wish? I suspect...

Who Is Gouging Whom?

Last Wednesday the House of Representatives passed legislation instituting penalties of up to $150 million for companies and up to $2 million and 10 years’ imprisonment for individuals found guilty of gasoline “price gouging.” But the real gouger...

What to Do About Rising Gas Prices

With gasoline prices at their highest point in recent years, the knee-jerk response of many is to call for the government to “do something” to force prices lower. But no matter what the price of gasoline is, such calls are wrong. All market fluctuations in...

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