News

Recent posts and articles from IGEG fellows, advisers, experts and scholars.

Why Some Problems Seem Never to Be Solved

“Public choice theory” in economics, in part, explains the way self-interest of those in government and other institutions motivates them to avoid solving problems in order to keep their jobs and perks. Now, a new series of studies by researchers at Harvard and other...

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Watergate Redux

Was Watergate worse than the present scandal? Do you know what the crime was in Watergate? It has been 46 years since the famous break-in at the Watergate hotel in June 1972. In sum, officials of President Nixon’s re-election campaign were trying to obtain information...

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A Skilled Hand with the U.S.-Swiss Mix

This past week, with the passing of Faith Ryan Whittlesey, America lost the best example of what an ambassador should be. By happenstance, Ambassador Whittlesey also served twice in, perhaps, the best example of what a country ought to be — Switzerland. Faith...

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Toward a Better Cryptocurrency

Why do people want “money?” Obviously, so they can buy goods and services now or in the future. But, in actuality, it is not money people want, but purchasing power. Is it necessary to have a stock of money to have purchasing power? Well no, provided people have...

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A Bet on Economic Pygmies

The GDP of North Korea is less than half that of Fairfax County, Virginia, and only a little more than half of Vermont’s, which has less than 3 percent of the population of North Korea. Honduras is the second-poorest county in the Americas but it has a larger GDP than...

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Conspiracy or Incompetence

Many apparent Washington conspiracies are nothing more than sheer incompetence — or a combination of attempted conspiracy coupled with a high degree of incompetence. The investigation into the alleged interference by the Russians into the 2016 election is looking more...

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Allocating Global Capital

People are more careful in spending their own money than they are in spending other people’s. Even though this core principle about human behavior has been understood for thousands of years, many taxpayers seem to be perfectly comfortable with turning over a...

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Abolishing Campaign Contribution Limits

President Trump and Amazon’s Jeff Bezos dislike each other. The Washington Post, owned by Mr. Bezos, runs many stories each day attacking the president. Some are fair and about real issues. But many are petty or just plain wrong. Even The Post’s alleged “conservative”...

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