We are all much more likely to believe we are not getting what we should be getting and that the other guy is getting more than what he rightfully deserves.
Currently, the U.S. national debt is over $28 trillion—that’s $85,000 per person and $224,000 per taxpayer.
We all do things that risk death. Over 300 people die each year from falling off ladders. Yet any homeowner will attest to the benefit of having a ladder.
While there are numerous explanations, here is one we find most important and convincing: Most of the new money is simply sitting in accounts commercial banks have at the Federal Reserve drawing interest.
Freeing up and encouraging trade is crucial for spurring the economy, which is still recovering from the worldwide pandemic.
The price mechanism could be enormously useful in reallocating the vaccine from places where the capacity to vaccinate is lacking to places where it can be effectively used.
If there is a local labor-market monopsony, an increase in the minimum wage can potentially raise wages and increase employment.
Indiana’s economy should start to recover this year from the damage of COVID-19, but the economy likely won’t fully rebound until late 2022 or early 2023, a Ball State University economist says.
Economists observe that letting law enforcement keep seized assets gives them a motive to spend more time and effort pursuing asset forfeiture and less time fighting crime.
Despite the current turmoil in the market, shares of common stock are not lottery tickets.
Isn’t it interesting how many on the right have suddenly found affinity with the common-carrier doctrine, while those on the left have abruptly discovered a commitment to unfettered free markets?
The prosperity of the United States of America flows from our freedom coupled with our adherence to a rule of law. And make no mistake, the rule of law was under threat that day.
Janet Yellen used to be chairperson of the Federal Reserve. Her pending appointment raises new questions about the Fed’s independence from Congress and the Treasury.
Playing Monopoly can be a lot of fun, but don’t confuse it for a free market.
The worldwide supply of savings continues to expand. Increasingly fluid and sophisticated financial markets allow savers to seek out returns anywhere on the planet.
An unprecedented number of households are facing economic distress this holiday season. While Congress dithered, local charitable organizations have risen to the challenge.
A big flaw with the democratic process is that voters do not directly bear the full costs of voting on the basis of incorrect beliefs.
After governments take delivery of the vaccines, they will provide them to citizens at zero user charge. If prices don’t allocate resources, what does?
While there are numerous arguments for college loan forgiveness, the one we find the least convincing and most curious is that it is a matter of social justice.
Innovation only betters people’s lives if adopted, and only a market-test can assure it is truly an improvement.