Over the past year we’ve made several modest improvement on our ranch. Hence, I’ve had the pleasure of observing and sometimes working with men who move and manipulate the concrete furniture of the world. They use machinery and tools to mold solid and liquid material into useful and pleasing products of long life. Their activities […]

With Bozeman’s boom fading or gone, focus turns to the likely impact of the stimulus upon employment. Naturally, some recall FDR’s Works Progress Administration (WPA) of 1935. This was one of many New Deal programs known by their letters and widely appreciated for their results. We still benefit from Forest Service trails and structures constructed […]

The version of the economic stimulus bill lumbering through Congress contains a pernicious provision barring foreign steel and iron from infrastructure projects and requiring that all such projects use only American-made equipment and goods. Steel and iron manufacturers and labor unions no doubt promote these “Buy American” provisions. But can they explain how banning inexpensive, […]

People employ state power when moral persuasion fails. Politically legitimized coercion and constraint can generate hugely beneficial reform. The Voting Rights Act of 1964 is one example; environmental laws provide other examples. In contrast, America’s Eighteenth Amendment, prohibiting the manufacture and sale of alcohol for consumers’ pleasure, was a huge failure. Industrial alcohol remained legal […]