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April 19, 2024
At the height of the New Deal, with the Social Security Act, the Securities and Exchange Commission, and the Civilian Conservation Corps already enacted, the Roosevelt Administration’s Farm Security Administration (FSA), veered from reform to the outright radical: the establishment of an American version of a Soviet collective farm. The largest of nine such projects…
March 6, 2024
When Larry Bird won his first National Basketball Association championship with the Boston Celtics in 1982, he made one of the best locker room interview comments ever. Between puffs of a victory cigar, he said, “This one’s for Terre Haute.” He was literally referring to the Indiana city which had supported his Indiana State college team—but…
February 15, 2024
Harvard University’s Joint Center for Housing Studies is back with its annual State of the Nation’s Housing report—and once again it reaches a bleak conclusion based on a loaded and leading question designed to sound an alarm for more federal housing subsidies. Its key metric is what it calls “cost-burdened renters”—those spending more than a third…
September 18, 2023
If one judges futuristic novels of the past narrowly in terms of whether they got their predictions right, Kurt Vonnegut’s brilliant first novel, Player Piano, was not perfect. Upstate New York did not become the hub of engineering innovation. He thought of vacuum tubes not chips as the key tech breakthrough. That he was right about…
September 8, 2023
There really is no obvious way to defend the congressional district map drawn by the Alabama state legislature—and struck down by a federal court for unconstitutionally diluting the African-American vote in that state. More than 25 percent of Alabama’s population is black, yet only one of its seven members of Congress is. At the same…
July 12, 2023
Joseph Schumpeter famously observed that capitalism unleashed “creative destruction.”[i] If that is so for American journalism, just such a wave has, without doubt, been destroying local newspapers. What’s not yet clear is whether such destruction will be complemented by creation. The result matters not just as it affects a select group of business enterprises. Arguably, local…