Both former President Trump and Florida Governor DeSantis have proposed moving federal employees out of the DC area, and their message resonates with voters seeking a government more responsive to…
Category:
Economy
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Economists have often written and said that since both parties to a voluntary exchange agreement gain, private property-based market systems can be well-summarized as “mutually beneficial.” Every principles of economics…
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American consumers often take advantage of attractive bargains offered by producers located outside of the United States. American producers who compete with those foreign producers too often respond by doing…
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ESG advocates use a variety of jargon to describe their activities and goals. Some are pretty straightforward to define, others are rather ambiguous and slippery. Today’s column will help you…
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There is no evidence, as far as I know, that Adam Smith ever heard of the game of baseball (for the record, ChatGPT considers it “highly unlikely”). Nonetheless, the two…
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Fragment of Memorial dedicated to victims of the Holodomor, 1932-1933. Kyiv, Ukraine. In The Theory of Moral Sentiments, Adam Smith gives the example of a hypothetical great earthquake in China…
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Defenders of the Argentine central bank are questioning the feasibility of dollarization. They say Argentina would need a staggering 40 billion US dollars to dollarize. With the central bank’s net…
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The Federal Trade Commission (FTC), under its chairwoman Lina Khan, has taken on some big corporations including Microsoft, Amazon, Google, and Meta. One of the FTC’s newest targets is US…
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The Great Depression was the most significant macroeconomic event of the past century, but don’t expect to find an accurate portrayal of its causes in your college history classroom. The…
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The bankruptcy filing of WeWork Inc. on November 6, 2023 came with neither a whimper nor a bang, but with a laconic shrug. Although the company has been around for…