Headlines
Los Angeles Is Flirting With a $25 Minimum Wage Law. That Would Be a Mistake
The city of Los Angeles is expected to hit a boom of tourism in the upcoming years. Two major worldwide sporting events: the FIFA World Cup and the Olympics are set to visit the city in 2026 and 2028, respectively. The influx…
Inflation is Slowing. Will the Fed?
"Monetary policy works with long and variable lags. Inflation is slowing, but it will take some time to come down. Fed officials should not be too concerned about elevated core inflation." ~ William J. Luther
Fungi Bombs and Food Markets
"That people make choices and can substitute towards cheaper items is an underappreciated point for those concerned about fungal pathogens. While fungi might increase prices of some goods, people can purchase relatively…
What MrBeast Reveals About Tyranny of the Majority
In a recent video (see below), MrBeast, the most popular creator on YouTube, invited individuals ranging from 1 to 100 years old to participate in a series of games and activities. Each age had one representative who had to…
Why Government Spending Is Bad for the Economy
On Monday, President Biden announced $42 billion in funding to build internet infrastructure across the country, with the goal of getting every American connected to the internet by 2030. This is the “largest internet funding…
Grover Cleveland’s Veto of a Taxpayer-Funded 4th of July Celebration Holds an Important Lesson for Modern Americans
When the city council of Buffalo, New York, sent the mayor a measure to fund Fourth of July celebrations in 1882, conventional wisdom suggested that approving it was the politically wise and patriotic thing to do. After all,…
The Dynamic Duo of the Anti-Slavery Movement Who Changed the World
Must matters of law and public policy be dull? Should they be the exclusive provinces of lawyers, legislators, lobbyists, economists, and statisticians? Or can they be animated by lofty and exciting moral principles put…
Why the ‘Super Wealthy’ Are Fleeing Norway at a Historic Pace
n 2022 Norway’s third richest man, Kjell Inge Røkke, announced in an open letter to shareholders he was moving to Lugano, Switzerland. “My capital will continue working in Norway,” wrote the fishing magnate turned…
What Charles Ponzi’s Scheme and US Entitlement Programs Have in Common
When Charles Ponzi’s investment opportunity to sell international postage stamps was exposed to be a scam in 1920, its basic premise would forever be associated with the man’s name. A Ponzi Scheme promises investors massive…
The Surprising Origins of the ‘No Taxation Without Representation!’ Slogan
Ask most Americans where the slogan “No taxation without representation!” came from and the likely response will be “American colonists protesting against Britain in the 1760s.” But the spirit, if not the precise letter of…
