Some time last spring, my friend and occasional KP contributor Sarah Skwire formulated on Facebook what’s now dubbed “Skwire’s First Law”, and we’ve been using it, kicking its tires, and discussing it all summer. In a timely manner (given what we’ve learned this summer about widespread, unwarranted government surveillance and the impending likelihood that yet … More Public Choice Theory: Skwire’s First Law
Michael Giberson A graphic illustrating states with price gouging laws (blue) and states without them (gold). For a list of the states with citations and related notes, see my earlier “List of States With Anti-Price Gouging Laws.” So far as I know, the only serious attempt to explain why some states do have price … More Which states have price gouging laws?
If you must subsidize energy, subsidize wisely. Given the way public policy gets made, subsidizing wisely is much harder than you might think. … More If you must subsidize energy, subsidize wisely
Lynne Kiesling A concise public choice analysis of the distortionary economic rents created by the ever-increasing “layers” of TSA security theater, as reported today on the Wired gadget blog: Airport “security” theater may be sickeningly pointless, but this stealthy introduction to a police state brings certain commercial advantages to those willing to cash in. First, … More Intrusive TSA searches create profit opportunity for Adidas
Lynne Kiesling Megan McArdle offers an essay assignment: Pascal Emmanuel-Gobry has an essay question: Tainter’s story goes like this: a group of people, through a combination of social organization and environmental luck, finds itself with a surplus of resources. Managing this surplus makes society more complex–agriculture rewards mathematical skill, granaries require new forms of construction, … More Complexity essay question from Megan McArdle
Lynne Kiesling Over the past week there’s been an interesting online conversation with the participants discussing one of the eternal tautological conundrums: why does politics attract power-hungry narcissists? Matt Yglesias kicked it off with what I think is a pretty naive query about the degree of cynicism and immorality in politics. Such cynicism and immorality … More Eternal truths about those who are attracted to politics
Lynne Kiesling I have to admit, I thought that this point was obvious. Clearly Walmart (accurately, I think) sees itself as well-positioned to leverage its size nationally to negotiate better health care arrangements than its competitors, so its newly-announced support of employer-based health care is a classic example of raising rivals’ costs. Apparently, it’s not … More Walmart supports employer health care to raise rivals’ costs