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Monthly Archives: November 2011

I just returned from participating in the Southern Economic Association’s annual conference in Washington, DC.  It was the first time I have flown since the airlines started charging extra fees for checked baggage.  As a result of those baggage fees, I fought to smash my bag into the overhead bin and ended up swapping shoes with […]

Here is a new study from Notre Dame that you might find interesting, but don’t try using it as an excuse for poor perfomance on your final. -MC

In 2006, Amanda Walker, one of my Economics 211 students, and I wrote this post on Thanksgiving.  I just found a similar article by Benjamin Powell, a fellow with the Independent Institute, an economics professor at Suffolk University and a contributor to the Charlotte Observer and The San Diego Union-Tribune, at a weekly email newsletter from the Independent […]

A few days ago I posted this comment on how local governments protect existing businesses from competition by erecting barriers to entry through occupational licensing.  That story reminded me of  another story along similar lines, about a pair of Washington, D.C. entrepreneurs, Taalib-Din Uqdah and Pamela Ferrell who started their small business, Cornrows & Co. in 1980, […]

Well, just like the line of Cain’s accusers, these stories of special favors for political donors seem to have no end.  In this story, it seems that the White House has once again given out about a half billion dollars of taxpayer money to a political donor to provide a product that we can get […]

This New York Times article describes the federal government’s huge subsidy program in renewable energy as a gold rush.  Perhaps, a better analogy is a land rush, like the competition to get land when the Oklahoma territory was opened up.  There, something was being given away, and there really wasn’t anything new being created, as that land in Oklahoma […]

In class today, I talked about the “Social Interest Theory” of Regulation.  Note in this article from the Freeman that it is government that is erecting huge barriers to entry and monopolizing something that seems simple, like street vending.  Now why would a government change an industry that is about as competitive as an industry can […]

In this post on Bastiat’s Bastions in May, I discussed how congressmen do not play by the same “insider trading” laws they have set up for the rest of us.  Congressmen increase their personal wealth while in office by trading on information about matters that come before them and by trading based on information about […]

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