Incentives
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Supply Shocks Plus Inflation Bind the Fed’s Hands
Energy-driven inflation and slowing growth have put the Fed in a difficult position. A look at monetary policy rules shows why holding rates steady may be the most prudent response.
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Why Gas Tax Holidays Backfire
Adjusting end prices can’t address the underlying shortage. In fact, waiving taxes may intensify demand when supply is already stretched.
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AI Abundance Won’t End Inflation, Nor Make Money Meaningless
Elon Musk claims AI-driven growth could fund UBI transfers without inflation. But relative prices — not just totals — still drive economic allocation.
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Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
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Bootleggers, Baptists, and Others Who Benefit From Tax Complexity
Moral advocates and special interests engineer the tax code to reward those best equipped to navigate complex rules.
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The Lesson of The Lorax Isn’t What You Think
Property rights are an excellent way to ensure wise stewardship of natural resources.
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Redefining Inflation to Obscure Its Origins
By redefining inflation as consumer prices, we distort how we interpret policy, inequality, and markets.
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Deregulation Must Drive the Rideshare Industry
Streamlined regulations and fair insurance rules can make rideshares safer, more affordable, and more competitive — benefiting drivers, riders, and the broader transit system.
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Ten Enduring Lessons from Adam Smith
From technocrats to central planners, the temptation to engineer society persists. Adam Smith saw the dangers clearly.
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Mega-Events, Minimal Returns: The High Cost of Hosting Global Spectacles
Olympics and World Cups are sold as drivers of jobs and tourism, but data show they often produce financial losses and crowd out better investments.
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•
Supply Shocks Plus Inflation Bind the Fed’s Hands
Energy-driven inflation and slowing growth have put the Fed in a difficult position. A look at monetary policy rules shows why holding rates steady may be the most prudent response.
-
•
Why Gas Tax Holidays Backfire
Adjusting end prices can’t address the underlying shortage. In fact, waiving taxes may intensify demand when supply is already stretched.
-
•
AI Abundance Won’t End Inflation, Nor Make Money Meaningless
Elon Musk claims AI-driven growth could fund UBI transfers without inflation. But relative prices — not just totals — still drive economic allocation.
-
•
Progressive Taxes May Discourage the Most Productive Work
A real-world example shows taxes eat into marginal income, steering workers toward lower-paying, but more pleasant, jobs.
-
•
Bootleggers, Baptists, and Others Who Benefit From Tax Complexity
Moral advocates and special interests engineer the tax code to reward those best equipped to navigate complex rules.
-
•
The Lesson of The Lorax Isn’t What You Think
Property rights are an excellent way to ensure wise stewardship of natural resources.
-
•
Redefining Inflation to Obscure Its Origins
By redefining inflation as consumer prices, we distort how we interpret policy, inequality, and markets.
-
•
Deregulation Must Drive the Rideshare Industry
Streamlined regulations and fair insurance rules can make rideshares safer, more affordable, and more competitive — benefiting drivers, riders, and the broader transit system.
-
•
Ten Enduring Lessons from Adam Smith
From technocrats to central planners, the temptation to engineer society persists. Adam Smith saw the dangers clearly.
-
•
Mega-Events, Minimal Returns: The High Cost of Hosting Global Spectacles
Olympics and World Cups are sold as drivers of jobs and tourism, but data show they often produce financial losses and crowd out better investments.