by Leo Morris There is no such thing as a free lunch. Yeah, well, about that. According to news reports, students in Fort Wayne Community Schools (FWCS) will receive both free lunches and free breakfasts starting next year. Not just middle and elementary students, as it has been since 2014, but high school students as well. And not just economically deprived students — all students, regardless of the ability of their parents to pay. “Free,”…

by Mark Franke The discipline of economics is at once both brilliantly simple and obtusely complex. Ask a class of undergraduates taking Econ 101 for a general education elective, and I dare say you will find no takers on the former proposition of simplicity. One does hope, however, that economics majors will place themselves mostly in the simplicity column. One problem is the terminology economists use to describe theories and concepts. Take rent-seeking. The layman…

“It is hereby ordained and declared by the authority aforesaid, that the following articles shall be considered as articles of compact between the original States and the people and States in the said territory and forever remain unalterable, unless by common consent, to wit: . . . Religion, morality, and knowledge, being necessary to good government and the happiness of mankind, schools and the means of education shall forever be encouraged.” — The Northwest Ordinance,…

by Leo Morris You’ve likely run into this little riddle before: Would you rather have $1 million or an amount that results from starting with a penny and doubling it every day for 30 days? Even if you don’t know the quiz or bother to do the elementary math, you can tell it’s a trick question that almost demands the selection of the least-obvious answer. And the least-obvious answer turns out to be the right…

by David Penticuff It is promising for my community that the spending of its county economic growth council is coming under official scrutiny this summer. Historically, the council has gotten most of its yearly funding from the Economic Development Income Tax (EDIT), a local income tax for county residents. While the so-called growth council started as a private not-for-profit, it has been taking tax dollars to supplement its own growth rather than the prosperity of our community. Back…

by T. Norman Van Cott The longer I taught economics to university students, the more I came to appreciate subtleties in markets grounded in secure private property rights. Indeed, as my awareness of these subtleties developed, a sense of awe arose. The subtleties go far beyond that typically drilled into freshmen and sophomores. Let’s put everything in terms of a simple product like raspberries. Buyers and sellers have conflicting objectives. Buyers want low prices; sellers…

The author, an adjunct scholar of the Indiana Policy Review and a former associate counsel to the president of the United States, served as an officer in the United States Army assigned to the Defense Intelligence Agency. RECALL THAT THE SO-CALLED ‘SMOKING GUN’ TAPE that led to President Richard Nixon’s resignation was of a June 1972 Oval Office conversation in which the president directed Bob Haldeman and John Ehrlichman to call in CIA Director Richard Helms…

by Leo Morris Both ends of the alley behind my house were blocked one day last week. It annoyed me no end. But it also set me to thinking about the need to vigorously defend our private property rights even as we acknowledge the proper place of public property in the grand scheme of things. I dare not park in front of my house. My street is one-way east from a popular drinking spot. My…

A FRIEND EXPRESSED ADMIRATION for how quickly I was able to go through the morning newspaper. No, I explained, I’m not a speed reader. Reductions in newsroom staffing have had a lot to do with it, but also I am aided by a lifetime of amalgamated discernment. I know which stories can be ignored at no cost to my working knowledge. I am encouraged to list them here: Stories with headlines imploring that this or that…

by Eric Schansberg, Ph.D. In some ways, immigration is not all that difficult to analyze. The first key is an opening concept from the first course in Microeconomics. When immigrants come here to buy and sell, to work for employers and own businesses, to borrow and invest, and so on, they engage in a wide variety of voluntary, mutually beneficial trades that are good for them and good for society. Of course, there’s more to…