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By now you have probably heard of Bryan Caplan’s “rational irrationality.” The idea is that if the cost of holding irrational beliefs is low enough, there may be more irrationality demanded. Indeed, if holding an irrational view makes someone feel better about himself or keep membership in some in-group—but holding the view doesn’t directly harm […]
When it comes to public discourse, inequality is immensely fashionable. Along with its featured position at this year’s Davos conference, it received top billing in President Obama’s recent State of the Union address. But most of this talk lacks merit. Some inequality is in fact necessary; it provides the incentives for creativity and innovation. In […]
Vermont Connecticut Royster was the editor of the editorial page of the The Wall Street Journal from 1958 to 1971. He was honored with the Presidential Medal of Freedom by Ronald Reagan. He won two Pulitzer Prizes for his writing, and numerous other awards. Royster was famed for providing a conservative interpretation of the news every day, especially regarding economic issues. […]
Each has voted in different ways which may have turned Florida into a permanent state of dependency.