Celebrating Income Inequality

Democrat and Republican candidates for President are debating one another on nearly every issue–but nearly all are united on one thing: America faces a crisis of “income inequality.” The rich are getting richer, the refrain goes, while the poor and...

Tragic Implications in Minnesota and in Utah

Two recent tragedies — in Minnesota and in Utah — have held the nation’s attention. The implications of these tragedies also deserve attention. Those politicians who are always itching to raise tax rates have seized upon the neglected infrastructure...

Silencing Dissent on Global Warming

Global warming has become a big-ticket item in the eyes of its supporters. At stake are research funds, jobs and the ability to control lives all over the globe. Most climatologists agree that over the last century, the Earth’s average temperature has risen...

A Bridge Too Far Gone in Minnesota

It took a collapsing bridge in Minnesota to alert people across the country to the fact that many other bridges in many other places have been allowed to deteriorate without adequate maintenance. If this were just a matter of poor political leadership at various...

Economic Thinking

Historical costs, sometimes called sunk costs, are irrelevant to decision-making because they are costs that have already been incurred. That’s something that’s not intuitively obvious, even for some trained economists. On a couple of occasions, I’ve...

Health Care: Government vs. Private

Sometimes the advocates of socialized medicine claim that health care is too important to be left to the market. That’s why some politicians are calling for us to adopt health care systems such as those in Canada, the United Kingdom and other European nations....