How Worrisome is the Race to the Bottom Argument?
Michael Greve’s recently released, The Upside-Down Constitution, traces the evolution of federalism in of our Constitution. He persuasively documents the transition from competitive federalism (a...
View ArticleCSR: Business’s Shampoo?
To the Editor, Financial Times:Gillian Tett notes the vogue among CEOs for “corporate social responsibility” (When Making Shampoo Becomes a Service to Society). CSR is a response to those demanding...
View ArticleFDR on FDIC
Robert Samuelson’s column (April 8, 2012) discussing President Franklin Roosevelt’s reservations about the longer term implications of Social Security should not be surprising. In 1932, FDR ran as the...
View ArticleEuropean Lessons for America
George Will warns that America’s system of competitive federalism is threatened by our own “Greeces.” (“In Illinois the bills are coming due,” April 27). Europe has been brought to its knees by the...
View ArticleLegacy Risks
European and American political and private institutions have made many non-sustainable retirement promises over the last 50 years. These promises cannot be kept and that reality is forcing reform. One...
View ArticleWhy Are Statists So Inconsistent?
From time to time, I think of this question. Consider free speech — almost every liberal views that as the one part of the Constitution they’d keep. Indeed, they once defended the rights of Nazis...
View ArticleBailouts Wanted — All Taxpayers Solicited!
Business spends around the world almost $1 trillion annually, seeking to sell its goods and services. These communiqués are focused almost exclusively on influencing the choices that consumers make....
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Remembering Elinor Ostrom
Among the individuals with whom I wish I could have greater opportunities to exchange ideas is Elinor Ostrom. She passed away today, and now I must pursue that conversation indirectly — via her...
View ArticleJeffrey Sachs: Macro-Keynsianism Is “Outdated And Outmoded”… So, We Need...
Jeffrey Sachs, the harbinger of bad policy, has written his first post-election column in the Financial Times, “Obama has four years to transform America’s Economy” (FT, Nov 12, page 11, subscription...
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The “Cooperative” Enterprise Institute?
Having spent much of my professional life at the Competitive Enterprise Institute, I found Paul Rubin’s recent Wall Street Journal piece “How to Roll Back the Demonizing of Markets” intriguing. Just...
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