Terry Anderson, D. Bruce Johnsen
Facing the "fiscal cliff," perhaps the president and Congress should start thinking in terms of the "foreclosure crisis." All lenders, whether a local home-loan bank or the Chinese government, expect to be repaid either from the borrower's income or, if that is insufficient, from the sale of assets...
Author Seth Norton shows that the impacts of rapid population growth are not as severe as most people believe. Even more important, he shows how changes in a country's legal system and economic framework can overcome the problems caused by population growth.
This paper, "Population Growth, Economic Freedom, and the Rule of Law," is the third PERC Policy Series essay honoring the late Julian Simon, a path-breaking economist who revised traditional thinking on issues from population growth to natural resources.