The oft-heard claim that charters perform no better than conventional schools is out of date and inaccurate. Many have been puzzled by New York Mayor Bill de Blasio‘s skepticism toward charter schools, his calls for ending space-sharing and charging them rent, and his $210 million cut of a construction fund important to the schools. Education reformers […]
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Monday, Oct. 7, will mark the 100th anniversary of the opening of Henry Ford’s moving assembly line for producing the Model T. This innovative production system allowed Ford to double worker pay while cutting the price of his cars in half, making it possible, for the first time, for auto workers to buy the cars […]
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Armen Alchian never won a Nobel Prize in economics. But no less than Friedrich Hayek said he ‘deserved’ one. In 1975, I attended a week-long conference in Connecticut at which the star attraction was Friedrich Hayek. Hayek, who had shared the 1974 Nobel Prize in economics with Swedish economist Gunnar Myrdal, was doing a kind […]
Read MoreA version of this article appeared February 21, 2013, on page A13 in the U.S. edition of The Wall Street Journal, with the headline: Perverse Incentives of the Lawyers Guild. While law school enrollment drops, ABA rules bust the budgets. Law schools are in trouble. Applications are down almost 50% to an estimated 54,000 this […]
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Senators know that even unpaid entry-level work can be valuable. That’s why they make some of their employees work for nothing. President Obama called in his State of the Union for an increase in the minimum wage to $9 an hour by 2015, from $7.25, notwithstanding the evidence that it will increase unemployment among young, […]
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Prohibition and legalization aren’t our only choices when it comes to drugs. Proven programs can greatly reduce the harm caused by hard-core users—and reduce our prison population, too.
Read MoreWhy Ed Crane Matters This FREE Insight “Why Ron Paul Matters” from the December 31st issue of the Wall Street Journal is by Ed Crane, Founding President of the Cato Institute. Cato is a highly principled libertarian think tank that moved to DC nearly thirty years ago and proved Milton Friedman wrong, a most rare […]
Read MoreAt Thanksgiving, the poor pay for dumb regulation.
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