Posted inEconomic Policy

Was Welfare Reform Worthwhile?

T here is no question that David Ellwood, the Clinton administration’s chief welfare intellectual, has been on a rough ride. But the political lessons he draws are less than useful (see “Welfare Reform As I Knew It,” May-June 1996). To discuss lessons, we need some agreement about what happened. Ellwood thinks more has been accomplished […]

Posted inEconomic Policy

The Martian Plan

N ewt Gingrich thinks Americans need a new frontier to explore. He also believes in paying bounties to promote public objectives. Hence the proposal prepared at his invitation by space entrepreneur Robert Zubrin for a federal bounty of $20 billion payable to the first private organization that puts someone on Mars and brings that man […]

Posted inEconomic Policy

Test the Limit

I t has been amusing to watch the natural rate of unemployment come down. Two years ago, the community of respectable economists held-though with exceptions including Robert Eisner of Northwestern, Ray Fair at Yale, Harvard’s James Medoff, and myself-that 6 percent unemployment was as low as the economy could go without triggering inflation. This meant, […]

Posted inEconomic Policy

Special Report: The Crime Debate

I n places as diverse as Anchorage and El Paso, Nassau County and New Orleans, get-tough prosecutors are promising to ban plea bargaining. Too many criminals get off easy, they insist; take away plea bargains, and more will get the punishments they deserve. But these officials may want to consider what happened in the Bronx […]

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