Sears got started doing exactly what Amazon is doing now: offering low prices and home delivery. But the larger point is this: In free markets, firms have to serve customers better than their rivals.
Charitable instincts don’t dictate how much people make, the market does.
Most all the polls missed Donald Trump’s upset victory over Hillary Clinton in 2016. The slow death of land-line phones makes it easy for likely voters to evade pesky pollsters.
Watching recent developments in the U.S. trade war with China has been like watching a minor traffic accident escalate into a multi-car pileup.
In these divisive times, a surprising number of political players agree on one thing: America keeps too many people in prisons and jails.
If for-profit firms are consistently mismanaged, eventually this reflects in subpar earnings. The investor’s escape hatch is selling one’s shares.
The Good Samaritan was not a Social Justice Warrior. He responded to the immediate need of a suffering person. He showed loving kindness by his actions.
Indiana combined lower taxes with frugality to revive a tired economy and nearly bankrupt government.
Is the current GDP growth the beginning of a new period of robust 20th-century-like growth? Or simply a one-time growth spurt that will revert to the anemic growth of recent decades?
Section 1502 of Dodd-Frank effectively stopped the flow of 3T minerals from the Democratic Republic of the Congo and reduced warlords’ income. But the story has a dark side.
Self-proclaimed democratic socialists call for an expanded and more extensive system of government entitlements.
The government meddles in the free market, with tariffs, and this leads to a problem. This generates another government intervention, the bailout, to clean up the mess generated by the first meddling.
Raising the minimum wage increases the cost of low-skilled labor. Inevitably, this reduces the amount of low-skilled labor employed.
Gas prices are rising primarily due to the strengthening global economy. The United States is in the midst of a 10-year economic expansion, and the unemployment rate is the lowest since 1970.
If President Trump’s import tariffs are as bad as economists say, why is the Trump economy so strong?
Part of economists’ useful function is to offer alternative ways of structuring incentives to attain socially desired ends.
Thank heavens Social Security has reserves. We have 16 years to fix the system, right? Think again: The reserves are part of the problem.
The problem with the economic impact studies is, they report revenue but not costs.
The City Council of Seattle recently passed a controversial tax, and what happened next could be good news for central Indiana’s quest to snag Amazon’s second national headquarters.
The collapse of the currency is staggering. The yearly inflation rate is now over 18,000 percent.