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Good economic policies are predictable. Often, the predictability is more important than the particulars of the policy itself.

A common misperception is to characterize a free market as one where businesses are “unbridled” and can do “whatever they please” in pursuit of profits.

We economists do our best to measure changes in the cost-of-living over time. Yet we suspect that many components are difficult to capture in statistics.

The economic outlook for the United States this year isn’t pretty. But at least the situation looks better here than in most other major nations.

One of the biggest issues the Indiana Legislature will face in 2020 is what to do about K-12 teacher salaries.

Unlike government by despot or militia, institutions of collective choice prize discussion, deliberation, transparency, predictable process, compromise and accommodation.

It seems to us that much of the conflict over teacher pay is the result of local districts running schools that the state pays for.

The cell phone replaced all its malefactors by giving consumers a better way of satisfying their wants. Good for consumers, but bad for the producers of outdated products.

Cheap debt encourages fiscal irresponsibility—among teenage boys and politicians.