Creating Effective Incentives

By Walter E. Williams:

"What should our response be if terrorists set off a nuclear explosion, or some other weapon of mass destruction, in one of our cities? I put this question to Professor Victor Hanson, senior research fellow at Stanford University's prestigious Hoover Institution, who spoke on the Iraq war at the Wynnewood Institute lecture series.

His answer to my question bore a slight resemblance to a classroom practice of mine. At the beginning of each semester, I tell my students ...."