We write this article before we know the winners and losers of the 2024 election. We are not predicting election outcomes or endorsing any candidates. We want to share a prescient insight of Georgetown professor Jason Brennan from 2016. Brennan contrasts three types of voters: Hobbits, Hooligans and Vulcans. The name Hobbits comes from the […]
If two parties envision a gain from cooperation, they should first agree on the precise magnitude of that gain.
Fewer people in the working-age population and more older Americans mean that U.S. taxpayers may be unable to afford future Social Security benefits increases.
One reason many American workers were worse off was because Chinese labor filled market niches that made American workers more productive.
The last time world CO2 levels consistently exceeded today’s 420 ppm was about 14 million years ago during the middle Miocene, after which the Earth slowly cooled toward a series of ice ages.
He was deported from the United States in 1956 because of his affiliation with the Communist Party in the 1930s.
While some people have overcome poverty via microloans, economic research finds that microloans don’t improve the finances or health of most low-income individuals.
When asked which three parts of the world are currently most problematic for the United States, Rice listed the Middle East, Russia and Venezuela.
In much of the 1800s, the post office had more employees than any other branch of the federal government, including the War Department.
Although unwitting buyers of low-value goods stolen by fly-by-night hustlers might not run much risk of prosecution, museums and private collectors of ancient artifacts are under increasing scrutiny to ensure items in their collections have been obtained legitimately.
The more subjective but widely used U.N. Social Progress Index (SPI) shows that Venezuela “has seen the biggest drop of any country in its SPI rank between 1990 and 2020.”
Though governments today simplify Vickrey’s proposals, congestion pricing is used in Singapore, Stockholm and London.
Nevertheless, the inflation rate has stubbornly remained above 3% since the summer of 2023.
It is difficult for businesses and individuals to forecast all risks.
So why would the price of these contracts be of interest? It goes back to the “wisdom of the crowd.”
Federal expenditures will increase from 23.9% of GDP in 2024 to nearly a quarter of the U.S. GDP by 2034.
The late Yogi Berra’s seemingly oxymoronic quip, “Nobody goes there anymore; it’s too crowded” rang strangely accurate.
Merger-related price increases mean employer-sponsored plans pay hospitals more for each procedure, meaning health insurance companies charge more for health insurance.
According to a Goldman Sachs report, there are 50 million income-earning, online-content creators, and that number is expected to increase.
For better or worse, America’s energy future will be determined by political considerations as much as market conditions since all energy sources generate external costs that are not fully incorporated into market prices.
