Municipal Bonds and the Cost of Sovereignty

tldr: Block grants give money to local governments more efficiently b/c fed govt price discriminates while local governments don’t. But, these grants come with political strings. The effect is a trade of money for sovereignty. This process is expected to occur in the long run for political arrangements similar to the U.S. Example – taken … Read more Municipal Bonds and the Cost of Sovereignty

Comparative Government Efficiency

This article discusses the fact that government is usually less efficient that the free market and estimates the inefficiency factor. We then correct a classic view of measuring cost to society of government intrusion into a free market by introducing the government inefficiency factor to a standard measurement model. Government inefficiency is a hot topic on … Read more Comparative Government Efficiency

A Short Recommendation and Defense of Homeschooling

The case for homeschooling is simple: It produces superior results compared to public or even private schooling in virtually every statistically normalized study ever done. Here’s one comprehensive study. It achieves those results for a tiny sliver of the cost. Technology has advanced to the point that anyone can homeschool. Anyone. It encourages personal responsibility … Read more A Short Recommendation and Defense of Homeschooling