Why Stock Buybacks Are Good For The Economy And Country

Self-interest has always been a primary tenet of capitalism.  As Adam Smith famously wrote, “It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.”  Private interest, in the aggregate, is often a public good. Yet […]

International Supperclubs for Nepal

The recent devastating earthquake in Nepal has destroyed thousands of lives. Over 7,000 people were killed, and over 250 000 have lost everything: houses, livelihoods. Millions more have lost friends and families and are in need of basic assistance like food. When a major disaster hits, people instinctively want to help. […]

Do Massachusetts Schools Prove Unions Are Good?

Brad Delong’s “comment of the day” presents a defense of teachers unions you often hear: Massachusetts has unions and good schools, so unions actually make schools better. Here’s the relevant parts of the quote: “I suspect the positive aspect of having highly unionized teachers is that they are better […]