When Massachusetts voters said yes to legal marijuana, they made an economic decision that relates to competition, taxes, and banking.
By looking at one hundred years of consumer spending history, we can see how our food, housing, and clothing reflected our growing affluence.
The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.
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.
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.
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.
By identifying the moral limits of markets, we can decide what should and should not be sold…like wedding tickets and high grades.
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.
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.