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Why The Cure’s Fight for ‘Fair’ Ticket Prices Is Likely to Backfire
The Cure, an English alternative rock band, has started a fight against high ticket prices. The music industry is praising them for their punkish temerity. However, the economic way of thinking suggests The Cure has made a…
The Moral Lesson in ‘Office Space’ Everyone Misses
I have a friend who is pretty successful but works in a high-pressure job. Every few years, when the work grind is getting too tough, he has an antidote. “I take the rest of the day off and go watch Office Space,” he says.
5 Reasons Young People Should Give Gold a Look in These Uncertain Times
In 1946, when the Foundation for Economic Education was founded, an ounce of gold traded for around $38.25. This week, it was trading above $2,000! I can only imagine how much money could have been made with earlier…
Canada May Ban Fox News from Cable TV for ‘Abusive’ Tucker Carlson Segment
The regulatory body that oversees broadcasting in Canada has opened a public consultation about potentially banning Fox News from cable TV. Initiated on May 3, the process was prompted by the LGBTQ advocacy group Egale…
Why Nashville Should Rethink Its Multi-Billion Dollar East Bank Redevelopment Plan
Mayor John Cooper has brave new plans for the development of Nashville's East Bank. Unfortunately, Cooper's ambitious vision falls victim to the same problems that plague almost all public works programs. The first…
How the UK’s 2004 Ban on Fox Hunting Led to a ‘Catastrophic Decline’ in the Fox Population
Every day the world over, good intentions cover up a multitude of sins. A visitor from another planet could hardly fail to notice that humans seem to care more about motives than results, and when results achieve the opposite…
Why Does the Federal Reserve Target 2% Inflation?
This week I have a question from Eugene from Missouri about the Federal Reserve. He asks, “we often read that the Fed has a 2 percent inflation 'target'. Why is that? Why is inflation considered necessary at all?…
Why I Paid the Neighbor Kid $10 for a Simple Task, Even Though His Parents Said It Wasn’t Necessary
A mom in the neighborhood recently made trouble. Macroeconomic trouble. Here is a way to spot such trouble, and how to help nurture the goodness in our economic way of life. A few months back her boy went door to door,…
A Brief History of Presidential Campaign Songs and Other Musical Musings
Franklin Roosevelt’s campaign song for his first presidential run in 1932 was the catchy number titled Happy Days are Here Again!. With America deep in the Great Depression, the uplifting and popular tune helped him win in a…
Federal Trade Commission’s Call of Duty Maneuver Is Actually a Dereliction of It
The British antitrust cops just announced they will oppose the proposed blockbuster $68.7 billion merger of two American companies — Microsoft and gaming company Activision Blizzard, the owner of the wildly popular game Call…
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