Open for Business on Thanksgiving – Still a Bad Idea

Three years ago, I wrote about the problem of retail stores being open for business on Thanksgiving.  It is posted in full below.  As one might expect, Sears continues to open on Thanksgiving and has been joined by many other businesses trying to profit from those who can't resist getting a jump on so-called Black Friday.  Fortunately, many … Continue reading Open for Business on Thanksgiving – Still a Bad Idea

Persuading the Scots

The Government of Scotland has just released its 600-odd-page white paper on independence in advance of the September 18, 2014 referendum on the question. First Minister Alex Salmond and the rest of the pro-independence side have their work cut out, with the latest poll showing a 47-38% plurality in favor of "No." In part, the … Continue reading Persuading the Scots

Social Norms as Market Regulation: The Case of Pre-PPACA Nongroup Health Insurance

The debate over pre-PPACA (Obamacare) nongroup health insurance has heated up again recently, particularly on the issue of rescissions (cancellations of policies). John Goodman claims that before the PPACA, rescissions almost never happened except in cases of fraud. Nevertheless, one problem with the nongroup market in many states was denial of applications for coverage from … Continue reading Social Norms as Market Regulation: The Case of Pre-PPACA Nongroup Health Insurance

Making Things Work

Whether one looks to the domestic or the international arena, it appears that little is working these days. Three issues I have been following: 1. The Affordable Care Act (formerly known as Obamacare): The difficulties in the ACA roll out persist and the circular firing squad continues to take aim at the guilty parties. Megan McArdle … Continue reading Making Things Work

Sunday Quotation – What Explains the Decline of (Classical) Liberalism?

George H. Smith, in his new book The System of Liberty, gives us this explanation: Although all of the proceeding explanations have merit, I have focused in this book on the one offered by Hayek.  In particular, I have discussed how the presumption of liberty, when not accompanied with clear criteria of defeasibility, sometimes became … Continue reading Sunday Quotation – What Explains the Decline of (Classical) Liberalism?

Half a Century

Today is the fiftieth anniversary of the JFK assassination and I am quite happy to leave the obsession with Camelot and conspiracy to the media. The photographs from 1963 seem quite quaint, like they were plucked from another era. I was two years old then, growing up in a world of stay-at-home moms, fathers who … Continue reading Half a Century