Devolution and the Decline in Operational Capacity and Elite/Managerial Competence
Many pundits and commentators have been taking notice of how a worrisome number of people in positions of power in advanced economies seem unable to manage their way out of a paper bag. This is taking place despite the fact that the US, EU, and UK prize having credentials, as in at least a college […]
Government Project: The Eternal Folly of Central Planning
Members of the Casa Grande cooperative farm pick cotton near Coolidge, Arizona, November, 1940. Department of Agriculture. The American Enterprise Institute has reprinted Edward C. Banfield’s little-known 1951 book, Government Project, which was a post-mortem of a defunct, quasi-socialist New Deal-era agricultural project in drought-prone Pinal County, Arizona. The Foreword to the 2024 edition, written […]
A Blast from the Past
PEI1990 Capital Flows COMMENT: Marty, I was cleaning out my office. I get around to once every 31.4 years, and I found your report that was controversial back in 1990 when you were at war against the fundamentalists who were always getting it wrong, as they still do today. I scanned it in and […]
My Weekly Reading for March 31, 2024
By Ronald Bailey, Reason, April 2024. Excerpt: The Food and Drug Administration (FDA) that massively screwed up COVID-19 testing now wants to apply its vast bureaucratic acumen to all other laboratory developed tests (LDTs). By insisting on its recondite approval procedures, the FDA at the beginning of the pandemic stymied the rollout of COVID-19 tests developed by […]
