Here’s a fundamental rule of political economy: Wealth buys safety, not merely comfort and convenience. This is a true, empirical, universal, testable, statistical generalization, a helpful one when formulating public policy. While we can find exceptions — rich folks do climb Everest and fly their own planes — such exceptions probe the rule. Generally, the […]

I have just returned from a meeting of the Mont Pèlerin Society (MPS) in Guatemala. Prof. Friedrich Hayek, winner of the 1974 Nobel Prize in economics, established MPS in 1947, in the alpine setting of Mont Pèlerin, Switzerland. Milton Friedman was a cofounder. The totalitarianism surrounding World War II motivated the creation of MPS. It […]

I’ve recently returned from the RAND Corporation’s Graduate School in Santa Monica. RAND was created after WWII to help the U.S. analyze Cold War policy. It is surely the world’s premier think tank. (See their web site, www.rand.org, for the full breadth of their research.) Among applicants to their Ph.D. program, the most common score […]

I’ve been with FREE for nearly five years, first as its research associate and lately as its publications and program coordinator. In the time I’ve been here, a lot of people have moved to Bozeman; unfortunately, it’s time for me to move on. I came here in February of 2002 from the other end of […]

The Bozeman Business and Professional Women recently invited me to speak at a luncheon on ballot initiative I-151. This seeks an increase in Montana’s minimum wage to $6.15 from $5.15 per hour. I-151 includes an annual cost of living adjustment and exemptions for small businesses with gross sales of $110,000 or less. I was delighted […]