In Finland, for some traffic violations, the rich have higher fines than those with less because of day fines that are similar to progressive taxation.…
Weekly Roundup: From Raisins to BBQ
Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.…
Two Reasons For Moving to Alaska
Creating different incentives, the variety among state taxes includes some with no income tax, others with sales taxes and some with severance taxes.…
How the World's Most-Consumed Liquor Changed the Corn Market
Because of supply and demand in the U.S. and the world, U.S. farmers are planting less corn and more soybeans and sorghum.…
Weekly Roundup: From Turkey to Buffalo
This week’s everyday economics include competition, oligopoly, marginal cost and benefit, GDP growth, unemployment, supply and demand, OPEC, redistribution.…
Why OPEC is Not as Powerful as You Think
The power of OPEC as a cartel that controls oil prices through quotas on its members might be a myth.…
Our Weekly Roundup: From Being Cool to Being a Wise Investor
This week’s everyday economics stories included spillover, externalities, incentive, opportunity cost, sovereign debt, demand and financial intermediaries.…
The Unintended Consequences of Daylight Saving Time
We should cancel daylight saving time because studies show that the opportunity cost of energy use has changed since Ben Franklin suggested “early to rise.”…
Why Government Cannot Trash Waste Management
Central planning through large firms could not replace the consistency and environmental benefits of a zabaleen system for trash removal In Cairo, Egypt.…
A Tale of Two Cities… and One Mall
Half of the Valley Fair Mall is in Santa Clara, CA while the other half is in San Jose. Because San Jose has a minimum wage of $10.15 while Santa Clara’s is $8.00, the stores at the mall have a …