Supporters of industrial policy often argue in the following way: Sometime in the past government raised Smith’s taxes, gave the proceeds to Jones, and Jones then used these proceeds to…
Category:
Economy
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Laws and regulations create rules which guide our mutual efforts to advance our interests in dealing with one another. That is why they must be clear. Vague (i.e., uncertain) rules…
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Oliver Anthony is the dog that caught the car. He has scored 31 million YouTube views (to date) on the first song he recorded with a professional microphone. In 13…
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Singer-songwriter Oliver Anthony ripped onto the scene last week with “Rich Men North of Richmond,” popularized by a viral video of Anthony howling the song in the dark Virginia countryside.…
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Oliver Anthony is the dog that caught the car. He has scored 31 million YouTube views (to date) on the first song he recorded with a professional microphone. In 13…
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I’ve just completed my periodic update of business price expectations, including selling prices (the wavy solid line in the following chart) and buying prices (dashed line). I’ve juxtaposed these against…
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For the first time since the Truman administration, Oregon drivers will be permitted to grab a fuel hose and fill their gas tanks all by themselves. Governor Tina Kotek on…
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In 2015, Dyson acquired Sakti3, a startup specializing in solid-state battery power. Dyson’s acquisition of Sakti3 is a perfect example of a vertical merger, whereas Dyson bought the capabilities to…
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There is abject silliness to occupational licensing requirements. Some people make colorable (though not undisputed) arguments for licensing high-skill, high-risk professions such as physicians. Most restrictions, though, do little besides…
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In the unseemly world of political economy, few studies capture the disappointing state of modern urban planning like a couple of recent papers. One is by Adam M. Zaretsky of…