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Dates
- May 2025
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O
Ohio, Israel, and Constitutions – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
May 23, 2025 by christianhartselle
An integral part of any economy is the political constitution under which is operates. Constitutions codify procedures and place limits on government actions. Constitutions stabilize the “rules of the game” that are crucial for rational economic calculation. Since constitutional law aims to provide certainty, the process for amending the constitution is designed to be cumbersome. […]

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T
The Price of Peace in El Salvador – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
May 23, 2025 by christianhartselle
Originally written on 7/25/2023 Economists are fond of saying there are no solutions to social problems, only trade-offs. Often these trade-offs cannot be known precisely in advance and are inherently “tragic.” Since March 2022, the government of El Salvador has incarcerated 68,000 citizens, or over 1% of the nation’s population. The news images shows rows […]

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B
Bastiat’s Warning for Modern Legislators – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
May 6, 2025 by christianhartselle
Each year, legislative bodies work on refining public policies and appropriating government budgets. Folks ask us what we would give legislators to read before they begin their work, and our answer is Fredric Bastiat’s 1850 classic “That Which is Seen, and That Which is Not Seen.” The 40-page tract is available online, and any thinking […]

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E
Elinor Ostrom in the Cul-de-Sac – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
May 1, 2025 by christianhartselle
Elinor Ostrom, who taught at Indiana University, was the first woman to win the Nobel Prize in Economics. Her work focused on various mechanisms of self-governance of common resources. Ostrom documented how local communities in the developed and less developed world managed common resources like water, forests, and fisheries. As an economist, Ostrom focused on […]

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P
Peace, Taxes, and Justice: A Constitutional Balance – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
May 1, 2025 by christianhartselle
There has been much discussion and conflict this summer over interpretations of the U.S. Constitution. We observe that most people tend to think: if I like a policy, it must be constitutional; if I don’t like a policy, it must be unconstitutional. Of course, to a reasonable and honest citizen, this is hardly satisfying, either […]

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A
A Trust Fund in Trouble – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
April 30, 2025 by christianhartselle
Recent news reports indicate the Social Security Trust Fund will run out of money in 2035. What should be done? First some background. Social Security currently spends $1.145 trillion per year, making it the largest government expenditure program in the United States and probably the largest expenditure program in the world. Social Security supports about […]

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Most public-sector decisions are best left to lawmakers – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
April 28, 2025 by christianhartselle
We recently took our economics students to the Indiana Senate to learn how Indiana passes laws, creates a budget, appropriates and spends money. Our friend Jeff Papa, Senate Chief of Staff, shared the following data. In the Indiana State 2022 regular session, members of the Indiana Assembly introduced 849 bills, and passed 21% (177 bills) […]

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