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Regulatory Capture, Teacher Unions, and CDC Abuse
In his seminal article in 1971 on the economic theory of regulation, the Nobel Laureate George Stigler of the University of Chicago argued that government agencies were often “captured” by the industries they were designed to regulate. Before Stigler, the common view was that noble regulators worked assiduously to correct “market failures” with regulation, in order to […]
Consumers Expect Surging Inflation to Crush the Purchasing Power of their Labor: Fed’s Survey
Consumers are picking up on the rise of inflation, and the Fed, which has been trying to heat up inflation, is pleased. The Fed watches “inflation expectations” carefully. The minutes from the March FOMC meeting mention “inflation expectations” 12 times. The New York Fed’s Survey of Consumer Expectations for April, released today, showed that median inflation expectations […]
Let’s Make A Deal: The Bourgeois Deal Among Many Others
Editors Note: Deidre McCloskey has written a brilliant trilogy attempting to explain why, from almost the dawn of recorded history, mankind made little progress and lived on roughly a few dollars a day in today’s money. But around 1750, something happened in society, and material progress began to change and has continued to advance to […]
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‘No Evidence’ That Gun Buyback Programs Reduce Gun Violence, New Economic Study Finds
/in Culture, Featured, Liberty, Politics /by John MiltimoreThe latest research dovetails with previous studies that found gun buyback programs were ineffective but popular with the public Shortly before Christmas in 2018, a woman named Darlene voluntarily turned in a 9mm pistol to the Baltimore Police Department. It was just one of about 500 firearms the department collected that day as part of […]