A Bet on Economic Pygmies

The GDP of North Korea is less than half that of Fairfax County, Virginia, and only a little more than half of Vermont’s, which has less than 3 percent of the population of North Korea. Honduras is the second-poorest county in the Americas but it has a larger GDP than...

Conspiracy or Incompetence

Many apparent Washington conspiracies are nothing more than sheer incompetence — or a combination of attempted conspiracy coupled with a high degree of incompetence. The investigation into the alleged interference by the Russians into the 2016 election is looking more...

Allocating Global Capital

People are more careful in spending their own money than they are in spending other people’s. Even though this core principle about human behavior has been understood for thousands of years, many taxpayers seem to be perfectly comfortable with turning over a...

Abolishing Campaign Contribution Limits

President Trump and Amazon’s Jeff Bezos dislike each other. The Washington Post, owned by Mr. Bezos, runs many stories each day attacking the president. Some are fair and about real issues. But many are petty or just plain wrong. Even The Post’s alleged “conservative”...

Problems in Protecting Intellectual Property Rights

Prague is a glorious city with many beautiful and historic buildings going back nearly a thousand years. It managed to escape almost all bombing during WWII, and thus was able to preserve the best of its past — to the delight of both citizens and tourists. I am here...