Information plays as crucial a role in migration as in most other economic activities. The faster and more accurately information flows, the more efficient the process. That usually is good for society. But when better information facilitates doing something illegal,…
Faulty logic often clouds economic policy debates
If farmers don’t get extra subsidies, pretty soon no one will want to farm and we will all starve. If stopping illegal immigration raises wages for roofers, contractors will be forced out of business and our houses will rot away…
Pension bills will come due
Public pensions are a critical issue especially as baby boomers retire, but they are fraught with confusing technical details. Two new studies shed much light on pensions for citizens interested in public policy. The first, a report by the Minnesota…
A billion here, a billion there…what does it all mean?
U.S. Army Gen. Peter Schoomaker’s recent claim that the 2007 defense budget equals what Americans spend on “plastic Santa Clauses and tinsel” made me mutter, “Is this guy stupid or dishonest?” The Army’s chief of staff misused data to support…