Calculating the police against citizen homicide rate

by Edward Stringham We hear of high profile cases of police killings, but few look at the larger picture of how often American citizens are killed by police. What is the rate at which police kill citizens and how does that compare to other homicide rates? Although official statistics have historically been scant, we now … Continue reading Calculating the police against citizen homicide rate

An Appreciation: James M. Buchanan (1919-2013)

by Shruti Rajagopalan*  James M Buchanan, who died last week at age 93, was one of the most profound thinkers of our age. Few Indians would be familiar with his academic contributions or even recognize his name. Yet, the insights from his research would strike a chord with every Indian navigating the inefficiencies and excesses … Continue reading An Appreciation: James M. Buchanan (1919-2013)

James M. Buchanan: A Preliminary Appreciation

by Mario Rizzo The great economist James M. Buchanan died today at 93. I am still too stunned to write a proper appreciation of his tremendous contributions to economics and, indeed, to moral philosophy. Buchanan won the Nobel prize in Economics in 1986. But even this does not capture his greatness. There have been many Nobel … Continue reading James M. Buchanan: A Preliminary Appreciation

In Favor of Across-the-Board Cuts in Government Spending

by Mario Rizzo I am not sure which is worse: superstitions based on science or superstitions pure and simple. Many people would react to across the board cuts in government spending by saying something like: “This is crazy; some things are more important than others. We should cut the less important things first.” And, indeed, … Continue reading In Favor of Across-the-Board Cuts in Government Spending

After the Fiscal Imbalance is Resolved: What Then?

by Mario Rizzo Let us suppose that not only the immediate fiscal cliff problem is solved but also the long-run fiscal imbalance is corrected. What then? Presumably federal spending will then be on a sustainable trajectory which is able to cope with cost-of-living increases. Ordinary trend economic growth will already have been figured into the … Continue reading After the Fiscal Imbalance is Resolved: What Then?

European Austerity in Perspective

by Chidem Kurdas Attempts to rein in government spending necessarily have unpleasant side effects.  Thus the Dutch government collapsed amid budget talks to control the deficit.   And British national output appears to be shrinking. Keynesians and advocates of the Obama administration’s colossal budget see this as vindication for unrestrained government spending. But in fact … Continue reading European Austerity in Perspective

Bo as Emblem of State Capitalism

by Chidem Kurdas The fallen Chinese political chieftain Bo Xilai and his wife are starting to sound like a bizarre combination of Macbeth and his Lady, the US Department of Housing and Urban Development and Fannie Mae—yes, the government created and backed housing finance entity. Under the leadership of the Mao-admiring “new left” Mr. Bo, the … Continue reading Bo as Emblem of State Capitalism

Taxpayers’ Future in Wisconsin Vote

by Chidem Kurdas Wisconsin governor Scott Walker is in the extremely unusual position of facing a recall vote less than two years after he was elected in 2010. The recall is orchestrated by unions that have gone all out to reverse his valiant effort to contain the growth in state and local spending. This vote … Continue reading Taxpayers’ Future in Wisconsin Vote

Oil Price Politics Implication

by Chidem Kurdas My previous post about government restrictions on oil and gasoline transportation drew comments saying prices are set in a world  market and the effect of United States policy is negligible. Numerous economic and geopolitical forces influence the price of oil, no question. That does not change the fact that the Jones Act … Continue reading Oil Price Politics Implication

Politics of Oil Prices

by Chidem Kurdas Oil from North Dakota is selling at a record discount, according to a March 1st news item in the local paper, the Bismarck Tribune.   By contrast, here in New York gasoline prices are near record highs. Between North Dakota and New York are thousands of miles but more crucially standing between us is … Continue reading Politics of Oil Prices