Economic Freedom
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Will Trump Accounts Make Every Kid a Millionaire?
The $1,000 seed can grow substantially, but seven-figure wealth requires decades of compounding, continued contributions, and strong market returns.
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Bono’s Hard-Won Lesson About Poverty
Aid may relieve immediate suffering, but only productivity, enterprise, and strong institutions can conquer poverty for good.
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What Makes Pharmaceutical Speaker Programs Illegal?
The missing consumer in health care helps explain the strange economics — and legal risks — of drug companies paying doctors.
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Made in (North) America: Canada Is Not Our Enemy
The US factories that rely on Canadian steel, parts, energy, and expertise want President Trump not to make those inputs more expensive — and American producers less competitive.
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AI Raises the Value of What It Can’t Replicate
From Broadway to the workplace, people pay a premium for what technology cannot reproduce. AI may make distinctly human qualities more valuable, not less.
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Housing Scapegoats Are Abundant. Starter Homes Are Scarce.
Blackstone offer a convenient target for public frustration. But a local push to “legalize starter homes” is doing the less theatrical work of increasing supply.
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Put Money on It? The Social Value of Prediction Markets
Prediction markets reveal which beliefs people are actually willing to risk money on — and generate valuable information in the process.
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The Airline Guide to Subjective Value
A full refund may balance an airline’s books, but it doesn’t make a stranded passenger whole. The difference illustrates one of economics’ most important insights: value is subjective.
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When Paris Went Hungry Under Government Food Controls
During the French Revolution, authorities in Paris turned to “a series of ventures in price-fixing and food control” to ensure people did not go hungry. It didn’t work as planned.
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America Can’t Revive Manufacturing by Shunning Robots
America won’t outcompete China by restricting imports on robots. It will win by becoming the best place in the world to build and deploy them.
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•
Will Trump Accounts Make Every Kid a Millionaire?
The $1,000 seed can grow substantially, but seven-figure wealth requires decades of compounding, continued contributions, and strong market returns.
-
•
Bono’s Hard-Won Lesson About Poverty
Aid may relieve immediate suffering, but only productivity, enterprise, and strong institutions can conquer poverty for good.
-
•
What Makes Pharmaceutical Speaker Programs Illegal?
The missing consumer in health care helps explain the strange economics — and legal risks — of drug companies paying doctors.
-
•
Made in (North) America: Canada Is Not Our Enemy
The US factories that rely on Canadian steel, parts, energy, and expertise want President Trump not to make those inputs more expensive — and American producers less competitive.
-
•
AI Raises the Value of What It Can’t Replicate
From Broadway to the workplace, people pay a premium for what technology cannot reproduce. AI may make distinctly human qualities more valuable, not less.
-
•
Housing Scapegoats Are Abundant. Starter Homes Are Scarce.
Blackstone offer a convenient target for public frustration. But a local push to “legalize starter homes” is doing the less theatrical work of increasing supply.
-
•
Put Money on It? The Social Value of Prediction Markets
Prediction markets reveal which beliefs people are actually willing to risk money on — and generate valuable information in the process.
-
•
The Airline Guide to Subjective Value
A full refund may balance an airline’s books, but it doesn’t make a stranded passenger whole. The difference illustrates one of economics’ most important insights: value is subjective.
-
•
When Paris Went Hungry Under Government Food Controls
During the French Revolution, authorities in Paris turned to “a series of ventures in price-fixing and food control” to ensure people did not go hungry. It didn’t work as planned.
-
•
America Can’t Revive Manufacturing by Shunning Robots
America won’t outcompete China by restricting imports on robots. It will win by becoming the best place in the world to build and deploy them.