There is little debate among economists that when the government borrows to finance a deficit, interest rates rise and private investment declines. It ain’t fair. Astronomers don’t get letters arguing that the sun really does revolve around the Earth. Biologists…
Government’s interest in your flu shot
The uproar over the flu vaccine shortage raises interesting questions about how our society allocates resources for such important goods. Before examining government vaccine policies, however, think about human behavior related to vaccinations. Flu is serious. Even when vaccine supplies…
Without draft military needs more pay
Few election campaigns have featured as many silly charges and countercharges between the candidates as the current one. The recent salvos over who is more likely to reinstitute the military draft are particularly silly. While there are some good arguments…
Worldviews split lawyers, economists
Some 45 years ago, C.P. Snow wrote about “the two cultures,” arguing that scientists and literary folk knew little about each other’s fields and that communication between the two groups was increasingly difficult. Perhaps Snow’s idea also applies to the…