U.S. policymakers cannot base their estimates of how refugees will impact the labor market on the situation in Germany. Labor market institutions in the United States are better equipped to handle an influx of new workers.
Nearly 25 years ago, two scholars—Geoffrey Brennan and Loren Lomasky—published a book that was proved prescient by the recent “Brexit” vote. The book was called Democracy and Decision, and one of its central theses was that “democracy” (if you mean majority rule decisions) is simply not up to the task of making good choices for […]
The economic and financial turmoil in Greece has been in and out of headlines frequently over the last few months. The Greeks claim austerity measures have only made things worse, while the EU claims Greece continues to fail the austerity measure put in place to receive future bailouts. In this video, we explain what has […]