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, . . .
U.S. Commerce Secretary Wilbur Ross told CNBC on Tuesday that President Trump’s tariffs wouldn’t hurt American consumers, noting that because the price increase will be “spread over thousands and thousands of products, nobody’s going to . . .
On Monday the Trump administration announced that it would impose 10 percent tariffs on an additional $200 billion worth of Chinese goods—including many consumer goods which have been exempt until now. This rate will increase . . .
Everyone and their dog has heard of Adam Smith, John Maynard Keynes, and Milton Friedman. Not only are they some of history’s most influential economic thinkers, they are intellectual celebrities. Books like the Wealth of Nations are . . .
President Trump announced he will levy 10 percent tariffs on some $200 billion worth of Chinese goods. The tariff will take effect on September 24, and is slated to increase to 25 percent by year’s . . .
Ask any Democrat why they support open borders and they’ll invariably respond with one of two pre-digested answers: because “diversity is our strength” and “we need immigrants to pay for our pensions.” The first argument . . .
Had I as many souls as there be stars, I’d give them all for Mephistophilis. ~Doctor Faustus Spectators claim that Satan himself appeared on stage during the opening performance of Christopher Marlowe’s play Doctor Faustus . . .