public choice theory

Explaining Oil’s Political Clout

There’s an obvious explanation. But it’s false.

Let me start with two obvious points – only one of which is true. The first is that the oil industry has huge political influence. The second is that its clout reflects the industry’s economic heft. The first point is definitely true. As Political Wire recently observed: “Nearly every to top level appointment in Trump’s cabinet …


What Would Romney Do? How Reelection Strategy Could Shape a Romney Presidency

If Romney is elected president tomorrow, the sun will still rise in the east and sea will still be salty.  Beyond that, predictions about a Romney presidency become more difficult, given his exceptionally inconsistent history on the issues. As I showed in an earlier post, Romney’s views about environmental and energy issues flipped 180° between …


NEWSFLASH: Officials Vow to Stamp Out Recycling Fraud!!

Recycling and voting are both public goods. Just imagine if there was a campaign against fraudulent recycling like the campaign against voter fraud . . . .