9.16.15
Ricochet
One of the central questions of the current Republican presidential campaign is when potential candidates will talk about important issues of political economy. That talk has thus far been in short supply because of the intellectual oxygen that is sucked out of the room every time Donald Trump walks into it. The recent remarks by Wisconsin Governor […]
9.14.15
Defining Ideas
It has now been just over one year since President Barack Obama delivered a confident White House address explaining how the United States and its partners would be able to counter the Islamic State—which, in 2014, he claimed was neither Islamic nor a state. A year later, as we mark the fourteenth anniversary of September 11, ISIS […]
9.8.15
Defining Ideas
On August 27, the Environmental Protection Agency and the Army Corps of Engineers suffered a rare judicial setback. On that date, District Judge Ralph Erickson of North Dakota issued a preliminary injunction that blocked the enforcement of the joint “Clean Water Rule: Definition of Waters of the United States,” which was supposed to go into effect […]
9.1.15
Defining Ideas
The National Labor Relations Act of 1935 (NLRA) introduced a major revolution in labor law in the United States. Its reverberations are still acutely felt today, especially after the recent, ill-thought-out decision in the matter of Browning Ferris. There, the three Democratic members of the National Labor Relations Board overturned well-established law over the fierce dissent […]
8.24.15
Defining Ideas
One regrettable feature of modern politics is that presidential campaigns now run for the better part of two years, which gives ample time for all sorts of crackpot ideas to make their way to center stage. It is a sign of the times that Bernie Sanders has made enormous headway on the Democratic side of the ledger, […]
8.20.15
Providence Journal
The recent showdown between the ride-sharing service Uber and New York City Mayor Bill de Blasio provides a vibrant illustration of what we economists call “public choice” — basically, the study of politics through the lens of economic theory. Read the full article on the Providence Journal Online.
8.17.15
Defining Ideas
This past week, the Federal Trade Commission by a 4 to 1 vote issued a one-page statement outlining its “Enforcement Principles” regarding “Unfair Methods of Competition” under Section 5 of the FTC Act of 1914 (the “Statement”). The Statement was announced by FTC Chairwoman, Democrat Edith Ramirez, and received the support of Republican Commissioner Joshua Wright, a distinguished pro-market […]
8.3.15
Defining Ideas
The tech community is rightly on edge because of a 12-page decision that Stephanie Barrett, a California hearing officer, filed in Berwick v. Uber Technologies earlier this summer. Ms. Barrett awarded Barbara Berwick $4,152, most of which was for reimbursable expenses for mileage and tolls, for the two month period that she worked for Uber in 2014. It was […]
7.27.15
Defining Ideas
In her recent speech at NYU Stern School of Business, Hillary Clinton put forward a suite of proposals for responding to what she termed “quarterly capitalism,” which leads corporate executives to favor short-term income at the expense of sustainable long-term growth. The single most important feature of her speech is what she did not mention—removing or weakening taxes and regulations that […]
7.20.15
Defining Ideas
In his famous 1897 essay, “The Path of the Law,” Oliver Wendell Holmes said that to understand the law, it would be necessary to adopt the perspective of the famous “bad man,” the one “who cares only for the material consequences” of his actions, but “does not care two straws for the axioms or deductions” […]