The Economic Side of Legal Marijuana

When Massachusetts voters said yes to legal marijuana, they made an economic decision that relates to competition, taxes, and banking.

How We Spend Our Money

By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.

A 2019 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.

When to Worry About Water

Approaching Day Zero, the people in Cape Town South Africa were conserving water by singing two minute shower songs and using 50 liters (13 gallons) a day.

Six Facts: What It’s Handy To Know About China

A look at U.S. China trade history reveals how the Chinese economy has changed and what a combination of command and the market can accomplish.

What We Say About Trade

In a Pew’s yearly survey of trade opinions, they uncovered a slew of contradictions that show most of like trade but cannot say why.

Why Wedding Tickets Should (or Should Not) Be For Sale

By identifying the moral limits of markets, we can decide what should and should not be sold…like wedding tickets and high grades.

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 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.