Seemingly about young gamers and providers China’s video game restrictions were really a message about its economic system.
When We Don’t Need Traffic Lights
Having recently driven in Manhattan (NYC) and now on Nantucket (an island located 30 miles from the coast of Massachusetts), I’ve been pondering the difference a traffic light can make. In NYC, the traffic lights are constant signals from government.…
The Mystery of the Artless Heist
When the ownership rights of a $3.1 million John Constable painting are unclear, no one can buy or sell, display, or conserve it.
The COVID-19 Vaccine’s Distribution Dilemmas
Even if all works out with with a fast-track compressed timeline for developing the COVID-19 vaccine, we will have distribution dilemmas to resolve.
The Most Unexpected Market
Like all activities that relate to supply and demand, ransom markets involve predictable behavior from kidnappers, their victims, and negotiators.
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.
A Russian Wheat Story With an Unexpected Ending
The story of a contemporary Russian wheat farmer is rather surprising when we look back at how the Russia economy has changed during the past 120 years.
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 China Has Begun To Keep (a Social) Score
In China, by being good to your mother-in-law, you can elevate your social credit score, get a cheaper bike rental, and a better bank loan.
