Found: 116 records....
Friday August 18, 2017 @ 12:29:58 PM mt


Why should a city, state, or federal government put statues in public parks? Doing so addresses no plausible market failure, while using taxpayers funds and, as demonstrated tragically over the past few weeks, generates controversy, polarization, and violence. Thus governments should take downallstatues, regardless of their political implications.

This is not erasing history but instead leaving it where it belongs, in the hands of private actors and mechanisms. Historians, textbook authors, universities, learned societies, the History Channel, and many other individuals and organizations can all present their own views of history and battle for the hearts and minds of the public. Government statues are government putting its thumb on the scale, which is one step down the slippery slope of thought control.

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Friday August 18, 2017 @ 12:29:57 PM mt

Terrorism in SpainWhat is the Hazard

Yesterday, two men drove a van into a crowd in Barcelona, Spain and killed more than a dozen people and injured many more in what Spanish authorities are claiming is a terror attack. Spanish authorities may have also prevented another attack later in that day and believe these are linked to a recent explosion. Not all of the facts are public yet and we will learn more in the coming days, but Spains experience with terrorism can at least put what happened into perspective.

According to data from the Global Terrorism Database at the University of Maryland and the RAND Corporation, terrorists murdered 1,209 people in Spain from 1975 through the end of 2016 (Figure 1). The spike in deaths in 2004 was the result of a major al Qaeda attack on the Madrid subway system that murdered 192 people. Only the United Kingdom has suffered more from terrorism during that time with 2,359 total murders. There were also 4,738 injuries in terror attack in Spain during this 42-year time span.

Figure 1

Murders in Spanish Terrorist Attacks by Year, 1975-2016

Sources: Global Terrorist Database and RAND Corporation.

From 1975 through 2016, a Spaniards chance of dying in a terrorist attack was about 1 in 1.43 million per year (Table 1). Spain was the fourth most victimized country on the list by that measure and about 2.6 times as deadly as the United States. Basque separatists are responsible for most of the terrorist deaths in Spain since 1975 but Islamists have been the most deadly since 2004. Basques are not immigrants and their language is so different from other European tongues than many linguists have theorized that it predates the introduction of Indo-European tongues on the continent of Europe. Thus, most of these deaths were not caused by recent immigrants.

Terrorism in Spain has trended generally downward since 2000. Since then until 2016, 247 people have been killed in terrorist attacks on Spanish soil which translates to a 1 in 3.1 million chance per year of dying in that way. In 2012, there were 364 homicides in Spain which translate into a 1 in 128,729 chance of being murdered in a non-terrorist homicide that year. Spains homicide rate is so low that terrorism actually looks like a serious hazard by comparison.

Table 1

Annual Chance of Dying in a Terror Attack and the Number of Terrorist Murders in European Countries, 1975-2016


Terrorist Murders

Annual Chance of Dying in Terror Attack



1 in 765,052



1 in 975,361

United Kingdom


1 in 1,057,248



1 in 1,432,847



1 in 2,069,185



1 in 2,396,564



1 in 3,977,889



1 in 5,030,009



1 in 5,932,942



1 in 7,643,464



1 in 12,810,844



1 in 14,605,254



1 in 16,424,666



1 in 24,047,998



1 in 24,208,884



1 in 26,776,608



1 in 28,499,047



1 in 29,982,906



1 in 31,607,066



1 in 50,301,214



1 in 55,645,834



1 in 72,048,567



1 in 72,509,981



1 in 82,598,090



1 in 143,165,024



1 in 225,306,754



1 in 231,493,613




Sources: Global Terrorist Database, RAND Corporation, United Nations, and Authors Calculations.

Some pundits argue that that chance of dying in terrorism is too high and that people should be willing to give up some freedoms in exchange for more security. They only sometimes mention what freedoms we should surrender and how such a move could lead to more security. They also rarely consider the costs of giving the government extra power, especially costs to our safety.

The misconception that safety is binaryit is either perfect safety or perfect dangeris on full display in the debate over security and freedom. The real question is what specific freedoms or other costs are Spaniards, or others, are willing to endure by increasing the size and power of their governments and reducing their own civil liberties in order to diminish the already low annual chance of dying in a terrorist attack to 1 in 4 million a year, 5 million a year, or to some other number. Even assuming that there is no way more government power can backfire and decrease security, there is a point where the costs of extra security are not worth the benefits. In the United States, we are well past that point. Spain shouldnt similarly overreact.

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Friday August 18, 2017 @ 01:39:35 AM mt

Jeff Sessions Escalates the Drug War

What does Attorney General Jeff Sessions want to get out of harsher prosecutions? Kevin Ring of Families Against Mandatory Minimums comments.

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Friday August 18, 2017 @ 01:39:28 AM mt

A Paradox in Our Reactions to Some Deaths from Terrorism

How we think about and respond to terrorist attacks depends a great deal, perhaps too much, on where they happen. Chris Preble comments.

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Friday August 18, 2017 @ 01:39:27 AM mt

Criminal Trial Evidence and

What happens when gathering evidence is stymied by software and hardware terms and conditions? Matthew Feeney discusses the case

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Friday August 18, 2017 @ 01:39:19 AM mt

Interchange Fees Credit Card MilesPointsBonuses

What's happened since so-called "interchange fees" have been limited by federal law? Thaya Brook Knight explains.

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Friday August 18, 2017 @ 01:39:18 AM mt

Warrantless Surveillance the Saudis and Foreign Policy

The warrantless surveillance of Americans authorized by the FISA Amendments Act needs reform sooner than later. That from Democratic U.S. Representative Tulsi Gabbard of Hawaii.

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Friday August 18, 2017 @ 01:39:12 AM mt

Senate Health Care Bill: Worse Than Doing Nothing

The Senate's long-awaited health care bill is out. Michael F. Cannon says its provisions would be worse than doing nothing to repeal the Affordable Care Act.

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Friday August 18, 2017 @ 01:39:11 AM mt

Pyongyang Changes and Stays the Same

The death of a student who had been sentenced to decades of hard labor for a minor crime reveals that some things haven't changed in Pyongyang. Some things have changed. Catos Doug Bandow, fresh from his trip to North Korea, discusses the Kim Jong Un regime.

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Friday August 18, 2017 @ 01:39:10 AM mt

Bitcoin Itself Isnt the 'Main Event' of Bitcoin

Bitcoin's new highs are no particular cause for celebration or alarm, says Overstock CEO Patrick Byrne. He discusses the blockchain, Whole Foods joining with Amazon, and the troubling trade agenda of the President.

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