Economic Ideas

July 26, 2018

Where Retaliatory Tariffs Create Unintended Consequences

It will be rather complicated when retaliatory agricultural tariffs, aluminum protection, and crop payment supports all hit New Madrid County, Missouri.

July 22, 2018

The Huge Impact of a Rather Irritating Invention

While the cost of free parking in New York City is rather huge, it can be offset by what was a seemingly insignificant and irritating innovation.

July 16, 2018

How Traffic Lights Relate to Adam Smith

When no traffic lights on the island of Nantucket has created good will among strangers, it also might show the limits of Adam Smith's laissez-faire.