If there is a single issue that most divides economists from non-economists, it’s the way they view prices. Economists view prices as creators of incentives for buyers and sellers. When prices change behavior changes. As a result, prices are mechanisms for determining the allocation of resources. If they are not allowed to perform this role […]
Read MoreLike other towns that demonstrate a strong sense of community Bozeman is a wonderful place. I wrote this as a Letter to the Editor of the Bozeman Chronicle to thank the unknown person who found the keys to my Jeep on the sidewalk somewhere and put them under the driver’s side windshield wiper. As […]
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This is a story of thankfulness. This is a story that makes me proud to be an American. The West Yellowstone Economic Development Council celebrated the 25th Anniversary of the 1988 Fires on September 2nd 2013, the day 25 years ago when farmers from southern Idaho trucked their irrigation pipes to “West” and helped set […]
Read MoreIn their new book, America 3.0: Rebooting American Prosperity in the 21st Century—Why America’s Greatest Days Are Yet to Come,1 James C. Bennett and Michael J. Lotus predict America’s future by looking deep into the past. They argue that the unique nuclear-family orientation inherited from the Anglo-Saxon tradition creates a culture that ultimately will reject the model […]
Read MoreWe are in the middle of FREE’s last summer conference, “Boom and Bust in America”. This is the last of our summer programs. It concludes twenty-two years of programs applying economics to contentious topics. All featured the potentials of creativity and hazards of command. Soon we will begin our more focused salon series, Yellowstone […]
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Introduction by John Baden, Chairman, FREE There are many dimensions along which Americans view their politics and society. Here is one with which I resonate. It is by Mary Roloff, one of the colleagues I most respect in some 50 years of university, foundation, and think-tank work. In this FREE Insight Mary writes of […]
Read More“Mr. Larry was a past president of the Sarah Scaife Foundation and also a former board of director for Grove City College and Federal Home Loan of Pittsburgh. His hobbies included fishing, target shooting…” -From the published obituary. I owe a great deal to Dick Larry. He was the president of a major foundation, a […]
Read MoreA “middleman” buys cheap, sells dear, and does nothing to improve the product in the meantime. Middlemen are everywhere and probably have been since the very first exchanges started to improve the lives of primitive humans. Marco Polo and his family were middlemen. So is Ebay. Between them, in time and complexity, lie millions […]
Read MoreDo I owe something to the beggar on the street? If so, can I discharge that obligation by writing him a check? Does he have a claim against me? If so, can he make that claim by presenting me with a bill? Is my obligation smaller if the beggar lives in another city? […]
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I enjoy summers in Montana immensely. Thanks to vastly improved technology – think internet, FedEx, better insulated homes and vehicles, food from everywhere all the time -and global warming, winters are great too. Further, in the Gallatin Valley civility, community, and culture remain intact and indeed flourish. Bozeman must be the mother lode of non-profits: […]
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