Why College Costs so Much

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The US Government (USG) has decided that it is its job to help everyone purchase health care, houses, and higher education. It is not a coincidence that health care, houses and higher education costs are climbing out of control. I’d like to go beyond generic “USG involvement” to examine some of the mechanisms causing higher
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Comments Off on Federalism

Everyone says The Civil War decided once and for all that the individual States could do nothing against an overreaching Federal Government. Whatever the Feds want, I’m good with it, says the States. Does anyone think that in today’s emotional environment the Federal government is going to wage domestic war? As a culture, we can’t
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The Trade Deficit is a Non-Issue

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Look, if you have the world’s reserve currency, other countries will need to accumulate your currency. Every country needs dollars in their bank account (could be treasury securities or anything else priced and convertible to dollars). You can’t conduct trade in dollars when your checking account has zero dollars. So, to get dollars they sell
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Trump and Friedman on Free Trade

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Takeaway line from what Milton was referring to: “Free trade consists simply in letting people buy and sell as they want to buy and sell. It is protection that requires force, for it consists in preventing people from doing what they want to do. Protective tariffs are as much applications of force as are blockading
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Comments Off on Determinism

Determinism is ¬†au courant. It’s stylish. It’s fashionable. It’s up to date. Why so much interest today in an obscure and ancient philosophical question? Of course the negation of free will is vaguely part of Marxism. The collapse of capitalism is predetermined no matter what the participants want. It’s “You didn’t build that.” It’s “the
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