Reverse Hugo, with a Twist

In Victor Hugo’s great novel Les Miserables, Jean Valjean is sentenced to five years on the prison galleys for stealing a loaf of bread to feed his family. It is an outrageous…

Libertarianism and the Poor

Last week, I gave a talk at Boise State University on “Liberty and the Poor.” My thanks to Allen Dalton and the terrific Students for Liberty chapter there for bringing…

Two Links

These should be of interest to our readers: Gregory Clark (UC-Davis Econ) in the NY Times about long term social mobility. One quote: “The fortunes of high-status families inexorably fall,…