Blog Archives

The worst drug epidemics in American history

The New York Times said “The current opioid epidemic is the deadliest drug crisis in American history.” Last August, Donald Trump declared, “The opioid crisis is an emergency, and I’m saying officially right now it is an emergency… It’s a national emergency.

Posted in Labor, Public Finance

Alcohol deaths are rising. Happy Spring Break.

Reposted for Spring Break: The majority of youths are not very rational in their use of alcohol.  The late teens and early 20s have the highest hazard rate for alcoholism, so it is a problem, but there are ways to moderate

Posted in Labor, Public Finance

Why Are College Degrees Valuable?

The governor of Florida, Rick Scott, declared that he wants to eliminate the liberal arts majors at state universities and community colleges because he does not think that they produce job skills.  However, liberal arts majors (humanities, social sciences, science, and

Posted in Labor

Alcohol deaths are rising. Happy New Year.

Just in time for New Year’s Eve celebrations, German Lopez wrote about alcohol research and policy: According to new data from the Centers for Disease Control and Prevention, after controlling for age, the alcohol-induced death rate reached 8.5 per 100,000 people in

Posted in Labor, Public Finance

How Ronald Reagan’s secret entitlement program will eventually end homelessness.

Which is the cheapest accommodation? A one-room apartment. A jail. A hospital room. Which is the cheapest labor? A social worker. A criminal-justice worker (police, lawyer, judge, etc.) A healthcare professional (doctor, nurse, etc.) For both questions, #1 is the

Posted in Health, Inequality, Labor

Welfare For Entrepreneurs

‘Extraordinary Bodies (Photo Exhibition)’ by Chris Big businesses is the most important part of the economy to get right because big organizations are where most productivity-enhancing innovations are created.  The vast majority of entrepreneurs work in low-productivity-growth businesses.  But entrepreneurship is

Posted in Development, Inequality, Labor, Managerial Micro

The minimum wage is a nothingburger unless your wage depends on it.

Opponents of the minimum wage think that it creates all sorts of horrible problems for the economy.  For example, Millionaire Fast-Food CEO, Andrew F. Puzder has been fighting the minimum wage because he claims that it is the reason why the US

Posted in Inequality, Labor

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