E-Verify Not Worth the Price to Americans

– March 5, 2018

Instead of focusing on top-down measures to tackle the issue of immigration, policymakers should consider decentralized approaches that streamline the legal immigration process, thus making it more attractive to prospective immigrants.


The Overheating Canard

– February 26, 2018

Over the last couple of weeks, a breathless chorus of Keynes adherents in the media have been sounding the alarm from the rooftops about economic “overheating.” 

Dirty Money

Hate the Patent Game, Not Valeant

– February 21, 2018

The creators of Dirty Money have failed to interpret the significance of profits in an economic system. What in fact seems to be a case against capitalism, is actually a case against patent monopolies.


FATCA Makes Tax Cattle of Americans, Tax Collectors of Foreigners

– February 16, 2018

Americans deserve to be treated like productive citizens, as opposed to tax cattle when they take their talents abroad.


Amtrak’s Lethal Start to 2018 Compels New Route

– February 15, 2018

Ending the railroad’s long-distance routes would take trains off segments of rural railroad, saving lives. An Amtrak that behaves like a truly private railroad could focus on getting service in major corridors right, investing in improvements to do its job better, and improving overall maintenance to prevent close calls like the Maryland separation. Getting its year back on track will be a challenge, but there is hope for policy change that could make things a little better.

President Donald Trump

Federalism Can Breathe Life into Infrastructure

– February 10, 2018

Federal grants and transfers are the techniques of choice used by socialist regulators in all federal countries, because in such countries it’s difficult to impose one-size-fits-all national schemes from the top down. Hence, federal spending power greases the wheels of reform by bribing the population and docile politicians and blackmailing and boxing in politicians skeptical of federal meddling.


Delusions of Conservatives for Paid Family Leave

– February 8, 2018

As soon as the federal government gets into the business of general income security, such as paid family leave, the stage is set for an almost endless entitlement expansion. The proposal that Rubio and the IWF have come up with will open a Pandora’s Box of egalitarian add-ons.


New Yorkers Pick Up the Tab for Construction Pensions

– February 7, 2018

Over the past 10 years, prevailing wages earned by New York public construction workers have almost doubled the rate of inflation. There is just one problem. Most of the increase didn’t go into their pockets.

Screen Shot 2018-02-06 at 11

What Is a Price?

– February 6, 2018

The large drop in financials of all sorts – both conventional and crypto – have people wondering what went wrong. What could have triggered this stunning sell off? What has spooked the markets? When there are no obvious answers, and there really aren’t this time around, it tempts people to believe that markets themselves are broken. Surely prices should behave more rationally and predictably. There is no justification for prices to swing this much.  But actually, a price is a point of agreement. No more, no less. It cannot be deconstructed. It cannot be understood apart from human choice. It has no moral component to it at all. It is not about equality, justice, labor, or cost. It is just a price. Every price in a market is the right price, right now. Whatever the price is in an hour, day, week, or year, is also the right price.


A Bill to Ease California’s Housing Shortage

– February 1, 2018

Citizens care about rents, and legislators will continue to bring bills to alleviate them until the pressure is gone. This bill would ease a variety of restrictions on properties near transit stations and bus stops with frequent service.

Cayman Island

Tax Havens Put EU States to Shame

– January 31, 2018

In the face of true economic competition, the European Union is showing increasingly totalitarian tendencies toward those who offer better economic conditions than its member states.


Central Bank or Not, Fractional-Reserve Bitcoin Violates Sound Money

– January 29, 2018

A common misconception is that the only problem with current money is the central bank, and that once we abolish government control everything is going to be fine. However, a sound-money regime has to provide for the consistent time structure of property rights in money.