Economic Ideas

July 21, 2019

Astronomically Different Prices for an Apollo 11 Videotape

Sold twice at auctions, the two prices of the Apollo 11 videotapes were astronomically different because of changes in demand and supply.

July 16, 2019

Why Tariff Revenue Is Peanuts

A look at tariff revenue through the lens of a peanut farmer can reveal some unexpected facts about its size and who pays it.

July 14, 2019

Why We All Need the Same Time

Whereas we moved from many time zones to four during the 19th century, now, with globalization, we should switch to coordinated universal time for everyone.