Even the best things come to an end. After enjoying a quarter of a century of writing this column for Creators Syndicate, I have decided to stop. Age 86 is well past the usual retirement age, so the question is not why I am quitting, but why I kept at it so long.
After writing a weekly (sometimes semi-weekly) column for the last 25 years (here's an archive of his columns back to 1998), economist, scholar, author and national treasure Thomas Sowell made this announcement in his column today (" Farewell "): Even the best things come to an end.
There's a somewhat famous quote from Adam Smith (" there is a great deal of ruin in a nation") about the ability of a country to survive and withstand lots of bad public policy. I've tried to get across the same point by explaining that you don't need perfect policy, or even good policy.
The college bowl season is in full swing. Some call it the most wonderful week of the year. LSU, Stanford, and Baylor are among the teams playing this week. But for LSU running back Leonard Fournette, Stanford running back Christian McCaffrey, and Baylor running back Shock Linwood, their collegiate careers are over.
What was the source of the failure? It was the same at the beginning that it was at the end. Despite his intelligence, erudition, earnestness, and public-relations genius, and the mastery of all the Hollywood-style theatrics of the presidency, Obama's central problem was his failure to address the driving concern of all of American life: the economic quality of our own lives.
Innovation has no greater enemy than overzealous regulators, a painful lesson the ridesharing industry has been forced to learn over the past several years. Now, Uber finds itself at odds with local government yet again, this time over concerns regarding its fleet of self-driving cars.
The Los Angeles Police Department (LAPD) has recently become the target of negative backlash, after its decade-long initiative to bust unlicensed cab drivers has been pushed into the spotlight. Thankfully, due to the current popularity of ridesharing services, the residents of Los Angeles are asking the LAPD to put an end to this outdated program.
With both the Republican and Democrat primary seasons kicking into high gear, two trends are abundantly clear: Because of acute gridlock, the prospect of meaningful legislation becoming law during 2016 is approximately zero. There is significant policy uncertainty in the air regarding the next Administration and Congress on a variety of important economic issues.