Looking back at the impact of the telegraph on cotton markets, you can see why a speedy internet affects supply and demand.…
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.…
The Impact of a Bee Sting on Your Big Mac
The market’s message from bee pollination prices has minimized the impact of colony collapse disorder (CCD) on our Big Mac.…
The Woman Who Wants a Moon Dust Market
Unless the U.S. government lets a woman in Tennessee keep and then sell her moon dust, it will remain a “priceless” national treasure with unknown value.…
All You Need to Know About Doughnuts
Knowing that last Friday was National Doughnut Day, we can thank the inventor that made doughnut mass production possible.…
The U.S. Army’s War Against the Vegas Golden Knights
A college and the U.S. Army are trying to prevent the Vegas Golden Knights from getting a trademark. About much more than a hockey team, the dispute involves how much we control our name. The Three Go…
When a Tesla Price Tells Us All We Need To Know
Just by looking at a $35,000 Tesla price, we can decide if Elon Musk is creating luxury vehicles or cars for the masses.…
How Much to Regulate Marijuana
The decisions we make about marijuana regulation will shape the role of government, of markets, and even whether we have marijuana-infused wine.…
A 2018 Update: The World’s Top and Bottom Laissez-Faire Countries
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.…
How a Paper Jam is Like a Recession
Whether it’s the paper in your copier machine or the goods and services in a market economy, flows and jams can be rather similar.…