#gary galles

[chrisinmaryville]

Anti-Car Policies Mean Even More People Are Dying on LA's Highways

Anti-Car Policies Mean Even More People Are Dying on LA’s Highways

By Gary Galles

Mises Institute

May 8, 2019

  Anti-Car Policies Mean Even More People Are Dying on LA’s Highways

  In an April 29 Los Angeles Times article titled, “More dying on L.A. streets,” Laura Nelson reported on Mayor Garcetti’s Vision Zero plan and the City Council’s corresponding Mobility Plan 2035 so far.

Vision Zero intended to eliminate traffic fatalities by 2025 through street…

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[chrisinmaryville]

Unlike Real Insurance, Social Security "Insurance" Creates Greater Risk for the Future

Unlike Real Insurance, Social Security “Insurance” Creates Greater Risk for the Future

By Gary Galles

Mises Institute

April 30, 2019

  Unlike Real Insurance, Social Security “Insurance” Creates Greater Risk for the Future

  Every time the Social Security trustees issue their annual report, some people notice that the system’s huge unfunded liabilities (currently, a $42.1 trillion cumulative shortfall) are inherently unfair to future Americans. That threatens its status as the…

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[chrisinmaryville]

Why the "Golden Rule" Is an Obstacle to the Government's Agenda

Why the “Golden Rule” Is an Obstacle to the Government’s Agenda

By Gary Galles

Mises Institute

February 26, 2019

  Why the “Golden Rule” Is an Obstacle to the Government’s Agenda

  The golden rule—“Do to others as you would have them do to you” being the most common variant I have heard–may be the most common ethical touchstone for human interactions. After all, Simon Blackburn wrote in his 2001 book, Ethics, that the Golden Rule is “found in some form in…

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[chrisinmaryville]

Rent Control and Minimum Wage Laws Harm Those Who Are Supposed to Benefit

Rent Control and Minimum Wage Laws Harm Those Who Are Supposed to Benefit

By Gary Galles

Mises Institute

October 17, 2018

  Rent Control and Minimum Wage Laws Harm Those Who Are Supposed to Benefit

    Jacob Bronowski wrote, in The Common Sense of Science, that “at the basis of human thought lies the judgment of what is like and what is unlike.” That is, useful analysis requires treating that which is like similarly, and that which is unlike, differently.…

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[chrisinmaryville]

Economics Is Not Rocket Science — It's Even More Complicated

Economics Is Not Rocket Science — It’s Even More Complicated

By Gary Galles

Mises Institute

June 15, 2018

  Economics Is Not Rocket Science — It’s Even More Complicated

  Over the years, I have heard multiple different things described as “not rocket science.” The implication was always that rocket science was just about the hardest thing to do, making virtually everything else easy by comparison. As an economics professor over many of those years, I…

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[chrisinmaryville]

Why "Precedent" Is a Bad Measure of a Law's Worth

Why “Precedent” Is a Bad Measure of a Law’s Worth

By Gary Galles

Mises Institute

June 1, 2018

  Why “Precedent” Is a Bad Measure of a Law’s Worth

  Whenever the Supreme Court’s end-of-the-term “announcement season” comes around, I am reminded of the importance of handling precedent correctly under a Constitution that is supposed to remain “the supreme law of the land.” Such a result requires that courts actively maintain constitutional rights…

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[chrisinmaryville]

Healthcare: "Insurance" Now Just Means Redistribution

Healthcare: “Insurance” Now Just Means Redistribution

By Gary Galles

Mises Institute

June 8, 2017

  Healthcare: “Insurance” Now Just Means Redistribution

  Americans have been fighting over health insurance reform for ages. For example, 25 years ago, in 1992, over 200 congressional health care bills were introduced.

Unfortunately, while the rhetoric has focused on insurance, such as how many would supposedly gain or lose insurance if some change…

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[chrisinmaryville]

Ignorance Is More Costly in Politics than in Markets

Ignorance Is More Costly in Politics than in Markets

By Gary Galles

Mises Institute

October 17, 2016

  Ignorance Is More Costly in Politics than in Markets

  For months, I have seen articles about the massive economic ignorance infesting candidates’ views and how they would “fix” what they think are the nation’s problems. They essentially say that neither candidate knows enough to pass an economics principles course, much less enough to advance…

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