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Something Always Comes Along

The same will be true with oil. As prices rise, there will be more incentives to create a substitute. The beauty of all of it is that we never know where the innovation will come from — or lead us. We will not need to “plan” this innovation. Someone who wants to make a profit will research — or employ others to research — new technologies.

Ignorance About Climate

The philosopher Goethe said “There is nothing more frightening than ignorance in action.” And ignorance is what is being demonstrated by all the political leaders as each rolls out his or her plan to counter a supposed “climate crisis” due to “global warming”. None of them knows what he or she is talking about.

An Open Letter to my Friends on the Left

To call the housing and credit crisis a failure of the free market or the product of unregulated greed is to overlook the myriad government regulations, policies, and political pronouncements that have both reduced the “freedom” of this market and channeled self-interest in ways that have produced disastrous consequences, both intended and unintended.

Democratic Disappointment

Mr. Caplan concludes that those who seek to fiddle with electoral systems, for example by introducing proportional representation or reforming campaign finances, are misguided. Meanwhile, those who seek salvation in getting more non-voters to the polls are in fact promoting disaster, since non-voters tend to be less educated and thus even more likely to embrace dangerous ideas.

Learning From Alberta’s Schools

With tax dollars following the students, it forced all schools to compete for pupils with innovations like alternative programming and more options for parents and students. This competition, not surprisingly, has led to higher parental and student satisfaction, as well as better educational outcomes.