Gouge Is Good

If you’ve bought anything in the past six weeks, you’ve seen shortages.  In grocery stores, you’ve see empty shelves.  Online, you’ve seen long waits. If you know econ 101, there’s an obvious explanation: price-gouging laws.  When supply falls, the market’s normal reaction is to raise prices.  Government’s reaction, however, is to paint the market’s normal reaction as vicious exploitation – and order prices to stay flat despite reduced supply.  Shortages inevitably result. While this story has great merit, you don’t have to look closely to realize that it’s not the full story of shortages.  Why not? 

Harvard Magazine Calls for a “Presumptive Ban” on Homeschooling: Here Are 5 Things It Got Wrong

As a Harvard alum, longtime donor, education researcher, and homeschooling mother of four children in Cambridge, Massachusetts, I was shocked to read the article, “The Risks of Homeschooling,” by Erin O’Donnell in Harvard Magazine’s new May-June 2020 issue. Aside from its biting, one-sided portrayal of homeschooling families that mischaracterizes the vast majority of today’s homeschoolers, it is filled with misinformation and incorrect data. Here are five key points that challenge the article’s primary claim that the alleged “risks for children—and society—in homeschooling” necessitate a “presumptive ban on the practice”.

Cultural Diversity Requires Cultural Homogeneity

The diversity of a city like New York has historically come not from “diversity training” a bunch of diverse people, but by bringing together a bunch of very culturally-distinctive people: Italians, Irish, English, Puerto Ricans, Eastern Europeans, Jews, African-Americans, Germans, Chinese, and so on. None of the real people who created the initial conditions for cultural diversity were themselves hailing from diverse environments.

When Kids Ask: Why Is there No Toilet Paper?

At both of the grocery stores within walking distance of my house, there hasn’t been any toilet paper for days. My kids are asking why this is, and maybe yours are too. Sheltering kids from reality doesn’t do them any favors in the long run. It is both empowering and comforting to instead seize the teachable moment and replace confusion with understanding: in this case economic understanding. And you can only do that if you first acquire that understanding for yourself.

OFCCP vs. Oracle

Three days before Barack Obama left office, his Department of Labor served a complaint against Oracle America, Inc., alleging gross systemic discrimination in both its hiring practices and its pay practices. Specifically, it claims that Oracle discriminates against non-Asians in hiring for sixty-nine job titles, and discriminates against women, Asians, and African-Americans in pay for eighty job titles.