Category Archives: Government and Law

Why Are Drugs Regulated Differently Than Aircraft?

David Henderson of the Econlog blog wrote about FDA restrictions on drugs and suggested that all drugs be legalized subject to the restriction that any drug that is not certified as safe and effective by the Food and Drug Administration … Continue reading

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Posted in Government and Law, Recreation and Health, United States | Leave a comment

Controversy at Princeton Over Woodrow Wilson

Princeton University is considering renaming some of their buildings named after Woodrow Wilson because he was a racist even by the standards of 100 years ago. Like all Presidents, Woodrow Wilson was evil, but he was one of the worst … Continue reading

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Wall Street Journal Exposes Startup Chile Fraud

The Wall Street Journal reports that the Startup Chile program is a huge waste of government funds. Start-Up Chile spent $40 million on grants, its economic achievements have been limited. About 80% of the foreign firms that are accepted leave … Continue reading

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Posted in Business, Chile, Government and Law | 1 Comment

Is Google Using Obama to Hobble Competitors?

The Street claims, Google Turns From Innovator to Washington Insider: If any industry and region has embodied the spirit of creativity and unapologetic change, it has been Silicon Valley. But the upstart is now part of the establishment with a … Continue reading

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Somebody Read the Collected Works of Donald Trump!

Carlos Lozada of the Washington Post read all 8 books written by Donald Trump. Fascinating reading! “We need a leader that wrote ‘The Art of the Deal,’ ” Trump declared during his presidential campaign announcement in June, and he has repeatedly … Continue reading

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Why is Renewing the Cold War with Russia Foolish?

Russia is a great country that is far more valuable than Ukraine. From Quora, Igor Markov describes a few recent accomplishments that have enriched the world. Russia (most likely Putin) talked Bashar Al-Assad into getting rid of the most dangerous … Continue reading

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Posted in Business, Government and Law, Society and Culture | Leave a comment

Will Chile Become Famous for Failure?

Investor’s Business Daily (IBD) opines: In Chile, the refusal to learn is not from inertia but from success. Michelle Bachelet’s socialist government swapped 6% GDP growth in 2013 for 1.8% growth in 2014. How? By hiking government spending 9% and … Continue reading

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Secession in the Crimea, Scotland, and California

President Barack Obama on Thursday said a planned referendum on the future of Crimea is illegal. “Any discussion about the future of Ukraine must include the legitimate government,” Mr. Obama said in a brief statement from the White House. “In … Continue reading

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George Will Explains Why Democracy is the Worst Government

The most popular political writer in the USA, George Will, explained today why democracy is the worst government: It was naughty of Winston Churchill to say, if he really did, that “the best argument against democracy is a five-minute conversation … Continue reading

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Posted in Government and Law | 2 Comments

Psychologist Explains the Engine of Capitalism

Governments often believe that most jobs are created by small businesses and that governments should encourage job creation. Psychologist Daniel Kahneman discusses, “the engine of capitalism” in his book, Thinking, Fast and Slow. The remainder of this post is direct … Continue reading

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Posted in Books, Business, Economics, Government and Law | Leave a comment