Who prevails with the prevailing wage?

By D. Eric Schansberg, Ph.D., and member of the Bluegrass Institute Board of Scholars A prevailing wage is a legal arrangement designed to set minimum compensation for public-sector construction workers at rates above those determined by market supply and demand – typically at rates near “prevailing” compensation for union workers. Modern-day legislation establishing prevailing –…

Bluegrass Institute President Jim Waters the keynote speaker at the 2013 Freedom-Liberty Conference

Bluegrass Institute President Jim Waters will be the keynote speaker at the fourth annual Commonwealth Freedom-Liberty Conference on Friday, Aug. 23 and Sat., Aug. 24 at the Griffin Gate Marriott Resort 1800 Newtown Pike in Lexington. Click here for more information, including a complete schedule of conference events. Organizer Richard Treitz stated that the goal of the conference is to empower Americans so that “liberty and…

Survey says: Vulnerable Kentuckians want charter schools

Herculean efforts by labor bosses at Kentucky’s teachers unions to convince lawmakers that charter schools are neither needed nor wanted in the commonwealth have succeeded. Our commonwealth remains one of only eight states without charter schools – publicly funded schools operated differently than the traditional public schools. For example, the principal of a successful charter…

Assault on liberty and economic sensibility has Milton Friedman rolling over in his grave

“Nobody spends somebody else’s money as carefully as he spends his own,” was the pearl of wisdom I recently borrowed from the late Nobel prize-winning economist Milton Friedman. Though I originally used the quote in reference to the Kentucky State Fair Board’s willingness to forgive debt obligations from the Louisville Arena Authority worth millions of…

Kentucky State Fair Board members great at spending money – as long as it isn’t their own

It’s understandable why the KFC Yum! Center authority would accept the forgiveness of most of its debt to the Kentucky State Fair Board with the same enthusiasm demonstrated by the University of Louisville basketball team when the Cardinals returned the NCAA championship trophy to that arena this spring. But that doesn’t make it right. In…

Minimum wage the key to alleviating poverty? You must be dreaming

Whether it’s failing schools, public-pension liabilities or an infinite number of other challenges plaguing the commonwealth, our nation’s poverty problem elicits one single tired solution from bigger-government apologists: throw more money at it. Note President Obama’s renewed push in his State of the Union address for once again raising the minimum wage. Supporters believe poverty…