Culture and Society (page 13)

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    Unintended consequences in markets lead to market opportunities

    If you’re on this blog, you are probably familiar with Say’s Law that “supply creates its own demand.” In its original formulation, it meant that people could only buy stuff with the income they earned from making stuff. It ignores the ability of people to change the timing of their…
    Joseph Coletti, November 14, 2018
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    The value of giving time and money

    As younger generations join family giving decisions, there is a greater emphasis on giving locally and on giving time. While people in business, governments, nonprofits and foundations continue to seek investments that scale, there is also a reemerging acceptance that some of the most significant investments we make (in…
    Joseph Coletti, October 23, 2018
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    Can Ben Carson and YIMBYism spur more affordable housing?

    “The high cost of housing is an important factor in trapping millions of Americans in poverty,” Michael Tanner writes in National Review. “On average, Americans in the lowest third of incomes spend more than 40 percent of their income on housing, a number that rises to more than 50…
    Joseph Coletti, October 19, 2018
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    Does Legal Marijuana Lead To More Car Crashes?

    Some of my libertarian friends are advocates for legalizing recreational use of marijuana. I’ve asked them if they wonder about unintended consequences — like this. The report, issued by the Insurance Institute for Highway Safety, said that car accidents reported to police in three states…
    Donna Martinez, October 19, 2018
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    Better data and better ideas to improve economic mobility

    “Skill disparities, family dynamics, early childhood development and incarceration effects” are important factors in long-term income inequality left out of recent work that has garnered national headlines, write Nobel economist James Heckman and Archbridge Institute CEO Gonzalo Schwarz. They warn that incomplete assessments could lead to wrong prescriptions of…
    Joseph Coletti, October 10, 2018
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    JLF’s Becki Gray on Capital Tonight: Hurricane Florence

    Becki Gray, John Locke Foundation senior vice president, discussed N.C. government efforts to help the state recover from Hurricane Florence for Spectrum News’ “Capital Tonight.” Watch here.
    Anna Manning, September 27, 2018
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    LISTEN HERE: HeadLocke 027: Recovering from Hurricane Florence

    The newest Head Locke is out and you can listen to it here or download and subscribe on iTunes. According to the National Weather Service, Hurricane Florence dropped an estimated 8 trillion gallons of water across states in the Southeast. Counties in southeastern North Carolina, towns along the coast,…
    Anna Manning, September 25, 2018
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    “Why the Left Is Consumed With Hate”

    That’s the title of a recent WSJ piece by Shelby Steele. Here are a few excerpts: How did the American left—conceived to bring more compassion and justice to the world—become so given to hate? It began in the 1960s, when America finally accepted that slavery and segregation…
    Jon Guze, September 25, 2018