Incentives
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You Can’t Plan the Next Play-Doh: Unexpected Discovery Drives Tomorrow’s Jobs
A failed wallpaper cleaner became a global toy — and a case study in job creation. Consumer tastes, not policy prescriptions, continually reinvent our economy.
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Why Market Success Breeds Market Skepticism
The very prosperity created by capitalism can obscure its benefits, fueling discontent even when we’re much better off.
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Inflated Grades Deflate Future Earnings
Grade inflation may feel harmless, but it quietly erodes learning. The real cost of an easy A? About $10,000 per student, according to new research.
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Measuring Poverty Correctly Reveals a Hard Truth About the Welfare State
When taxes and transfers are included, poverty is much rarer than commonly reported. But what actually reduces it?
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The Real Lesson of the TSA Walkout
When failure carries no penalty, dysfunction becomes self-perpetuating. Bureaucratic incentives turn your frustrations into TSA’s leverage.
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Not 2008, But Still Dangerous: Private Credit’s Squeeze
Private credit is emerging as a key force tightening financial conditions. That feedback loop amplifies macro headwinds.
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Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
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What 122 Universal Basic Income Experiments Actually Show
After more than 100 pilots, the evidence shows that universal basic income does little to boost employment and risks unintended economic costs.
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Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
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Interest Rate Caps Keep Coming Back — Bastiat Explained Why They Fail
Capital loaned out can’t be invested or consumed. Interest compensating the lender is merely “the price of time.”
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•
You Can’t Plan the Next Play-Doh: Unexpected Discovery Drives Tomorrow’s Jobs
A failed wallpaper cleaner became a global toy — and a case study in job creation. Consumer tastes, not policy prescriptions, continually reinvent our economy.
-
•
Why Market Success Breeds Market Skepticism
The very prosperity created by capitalism can obscure its benefits, fueling discontent even when we’re much better off.
-
•
Inflated Grades Deflate Future Earnings
Grade inflation may feel harmless, but it quietly erodes learning. The real cost of an easy A? About $10,000 per student, according to new research.
-
•
Measuring Poverty Correctly Reveals a Hard Truth About the Welfare State
When taxes and transfers are included, poverty is much rarer than commonly reported. But what actually reduces it?
-
•
The Real Lesson of the TSA Walkout
When failure carries no penalty, dysfunction becomes self-perpetuating. Bureaucratic incentives turn your frustrations into TSA’s leverage.
-
•
Not 2008, But Still Dangerous: Private Credit’s Squeeze
Private credit is emerging as a key force tightening financial conditions. That feedback loop amplifies macro headwinds.
-
•
Silent Cal’s Loud Lesson on Tax Cuts
A century ago, the federal government ran surpluses under lower tax rates. But that’s impossible with our out-of-control spending.
-
•
What 122 Universal Basic Income Experiments Actually Show
After more than 100 pilots, the evidence shows that universal basic income does little to boost employment and risks unintended economic costs.
-
•
Congress Knows It Has a Spending Problem, But Won’t Fix It
Fiscal discipline is politically costly, but inaction will be disastrous. How can we restore sanity to federal budgeting?
-
•
Interest Rate Caps Keep Coming Back — Bastiat Explained Why They Fail
Capital loaned out can’t be invested or consumed. Interest compensating the lender is merely “the price of time.”