A Global Look at the Rule of Law

Seeing where the rule of law is stronger can tell us why certain nations have more economic development and others sink under the weight of corruption.

The Pitch That’s An Airline Problem

When you think about shrinking airline seats, you could consider pitch and width, but really the problem is all about property rights.

The Travels of Mobile Money

Zimbabwe’s monetary crises used to create money laundering…literally. To preserve their limited supply of worn U.S. dollars, households had to wash them: Now though, they have a new solution. Going Cashless Mobile money has become increasingly popular. Wherever hyperinflation is…

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 Golden Knights As an…

The Economy Where Black is Banned

Like Turkmenistan and Zimbabwe, wherever property rights are unpredictable, we can assume that we have a command economy.

Can Shoveling a Parking Spot Make It Yours?

Called winter dibs, shoveling the snow from a public parking space can temporarily make that spot your private property…but should it?

The Results of Warren Buffett’s Million Dollar Bet

With a Vanguard S&P Index fund competing against a group of hedge funds, a decade-long Warren Buffett bet for $1 million has just ended.

Worrying About the Treasury’s “X” Date

Concerned about the “X” date, Treasury Secretary Steven Mnuchin has written a letter to House Speaker Ryan about the debt ceiling.

Why Meteorite Ownership Matters

While it can be tough to decide who owns a meteorite, in China and the U.S., those “intergalactic” property rights matter since they determine who profits.

Why the Congress Needs to Raise the Debt Ceiling Again

A week ago, Treasury Secretary Steven Mnuchin sent a letter to Speaker of the House Paul Ryan. The letter said we will have maxed out our borrowing at midnight tonight. Having reached its “statutory limit,” the outstanding debt of the U.S.…