Last October the “No More Enrons” coalition issued a report claiming that corporate scandals have cost Americans over $200 billion in lost investment savings, jobs, pensions, and tax revenue. The authors estimated that over a million workers lost jobs at affected companies, while executives cashed out billions in stocks. Intelligent folks of good character don’t […]

Members of Montana State University’s President’s Advisory Council have been assigned a challenging problem. Here it is: In 1984, state appropriations covered 76 percent of MSU’s revenue while tuition and fees accounted for 18 percent. In 2001, those numbers were nearly equal. Clearly, this creates a hardship for some. How can we maintain student access […]

Every society faces the important challenge of meeting its desires without compromising the ability of future generations to meet theirs. Since we care about the well-being of future generations, the question is, How do we best allocate scarce resources over the long term? Here I consider four categories of resources. The first is renewables, such […]

Newsweek International editor Fareed Zakaria writes in The Future of Freedom: “First, a government must be able to control the governed, then it must be able to control itself. Order plus liberty. These two forces will, in the long run, produce legitimate government, prosperity and liberal democracy.” Now that Saddam’s regime is gone, the U.S. […]