The government issues thousands of new patents every week — each one a new regulation — with little to no oversight or review.
There’s a reason why, in times of war, countries have blockaded others.
Joe works in a Pennsylvania steel mill. Many of Joe’s fellow Americans start buying more imported steel and, hence, less American-made steel. Because of this change in trade patterns, Joe – a good, hard-working, honest, play-by-the-rules, middle-aged family man who toiled in the steel mill all of his adult life – loses his job. Joe […]
It’s time to address America’s most pressing annual question: What’s the best way to fill out your NCAA Men’s Basketball bracket?
Today is International Women’s Day and, in some of the least surprising news of the day, it turns out that women’s equality ties into economic freedom. International Women’s Day was founded by the American Socialist Party in 1909 and usually ends up celebrating women in government, politics, and statism, but let’s look at something else. […]
Jobs are the means, not the ends in themselves.
If there is a single aspect of the economic way of thinking that I struggle to put into practice, it’s the idea of letting go of my sunk costs.
The coaches get millions of dollars. The schools get millions too. So why don’t college athletes get paid at all? Watch the full interview
The idea is wrongheaded on both counts: they would harm citizens of the US as well as those of Latin America.
Arguably, the most interesting feature of the Bitcoin system is the way in which Bitcoin payments are processed. To make it clear why payments must be processed at all and how Bitcoin processes payments differently, I’ll look at processing payments with cash and banks before turning to bitcoin. Think about a cash transaction. Cash transactions […]
Cryptocurrency is an item intended for use as a commonly accepted medium of exchange that exists in the digital world and relies on encryption to make transactions secure.
Like something straight out of a Neal Stephenson novel, Bitcoin has cyberpunk sex appeal. It foreshadows a radical change in the social and economic order and is shrouded with a mystique and aura that can be difficult to penetrate.
Learn how to drop the word “déblocage” into your romantic evening
We don’t have to have to be like Brady and have an absolute advantage to profit.
How to evaluate the economic record of Barack Obama? To even begin answering, it’s necessary to go beyond just counting the number of jobs created during his presidency (10 million) or calculating the average growth rate (1.5%) or even looking at something more wonky like the labor force participation rate.
Imagine that you run a family daycare out of your home. You have no direct connection to the state government, but its bureaucrats decide that because you lack an “organized voice” as a profession, they’re going to appoint a union representative to speak on your behalf.
Only individuals, separately or in voluntarily formed groups such as firms, trade; countries as such do not trade.
Suppose you want to reduce deaths in automobile accidents. Should you make cars safer? Seems like a no-brainer, right? But consider: suppose instead of an airbag in your steering column, we put a six-inch dagger.
Despite the popularity of dating apps like Tinder, Grindr, and OKCupid, Millennials are not pairing off. Only 26% of Millennials are married now, compared to 36% of Gen-Xers and 48% of Baby Boomers when they were young. We propose (no pun intended) that the economy is to blame.
Keeping most New Year’s resolutions involves incurring a high marginal cost on a regular basis in exchange for a minuscule marginal benefit.
“Pro-Business” can mean a few different things when it comes out of politicians’ mouths. It could mean they want to let free markets create as many jobs and opportunities as possible, or it could mean they want to treat the economy like a machine, pulling levers and pushing buttons to pick winners and losers. Mercatus […]
“The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.” — Adam Smith
The glowing claims about minimum wage laws don’t pass the most basic economic smell tests. Just look at the data from Europe.
The problem is that business experience does not automatically translate into good economic policy.