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Parent-in-Chief

Libertarian Paternalism. The very name is oxymoronic and deceptive. Popularized by authors Richard Thaler and Cass Sunstein in their book, Nudge, “libertarian paternalism” is a…

Consumer Freedom

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Short-Term Problems

Anyone who has been aware of the political process for more than an election cycle or two has probably noticed an interesting fact about our…

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U.S. Government: Too Big to Fail?

Not the part of the government that’s already gone postal, it turns out. According to Monday’s Wall Street Journal: Postal Service Eyes Closing Thousands…

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Bush’s Third Term Continues

President Obama's policies are remarkably similar to President Bush's. Most of their differences are in matters of degree, not principle.

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Remember: Envy is a Deadly Sin

This morning, The Economist led with an interesting article about global income inequality.  The article discusses the prevalent view that income inequality is bad…

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The Economics of Toilet Seats

Up or down? The debate is as old as the toilet itself. Economist Jay Pil Choi constructed a game theoretic model, and it turns out…