Jesse Ventura is leading a trade group to Cuba, but critics of Fidel Castro are angered by his action. When I heard that statement on a local radio station recently, I did a double take. I consider myself a strong…
Hog prices and office rents show irrationality in action
I am sure that Nobel Laureate Robert Lucas has done nothing to offend Minnesota farmers and commercial property managers while serving as a visiting scholar at the Minneapolis Federal Reserve in the autumns of 2000 and 2001. Nevertheless, these farmers…
When ownership means leadership
It seems that “Neutron Jack” Welch is not only back in the news but also is making the monologues of late night talk shows. The retired chairman of General Electric is being pilloried for the perquisites he reportedly receives, including…
U.S. should propose alternative to Kyoto Protocol
The world’s atmosphere is like the fish in Minnesota’s public waters. Both are common pool resources. History and economic theory teach us that common pool resources tend to be overused — even destroyed — when societies do not develop effective…