General Motors last week announced it would close five manufacturing plants, four in America and one in Canada. President Trump responded to GM by threatening to cut the automaker’s subsidies unless it protected American jobs: . . .
…We wonder—and some Hunter may express Wonder like ours, when thro’ the wilderness Where London stood, holding the Wolf in chase, He meets some fragment huge, and stops to guess What powerful but unrecorded race . . .
Afraid his son would steal his throne, Dionysius I, Tyrant of Syracuse, locked the boy away in a tower. Never leaving his prison, the boy learned about the world from his teachers and books. War, . . .
In the nineteenth century, savvy American bar-owners offered free lunches to attract noontime patrons. The diners would inevitably get thirsty and buy expensive drinks—the expression “there’s no such thing as a free lunch” was born. . . .
Competence doesn’t win elections: bribery does. This is the central lesson in The Dictator’s Handbook, a book which studies politics in terms of interpersonal relationships and incentive structures, as opposed to vague social trends and ideological dogma—and it’s . . .
The Baguette Shop, or an economic parable on asymmetrical competition You own an artisanal bakery that makes the best $2 baguettes in town—business is booming. In fact, business is so good that a German bakery . . .
California is a land of untold opulence and splendor. Hollywood’s glitter dazzles the gawking masses, while the world’s most profitable companies, Google, Apple, and Facebook, funnel cash into the Golden State from every corner of the . . .
A customer can have a car painted any color he wants as long as it’s black. ~Henry Ford In 1908 the American industrialist and culture hero Henry Ford released the Model T. What made the Model T . . .
Too often the tariff debate is fought along economic lines: will tariffs create jobs or will they funnel wealth into dying industries? This line of reasoning is fundamentally flawed. Economics and politics—wealth and power—are inseparable, . . .
A new working paper published by the National Bureau of Economic Research shows that punishing illegal aliens for crossing the border dramatically reduces the risk of recidivism—they are less likely to try crossing the border . . .