Milton Friedman

January 20, 2019

When Pay-What-You-Want Does Not Quite Work Out

Unexpectedly, Panera's pay-what-you-want cafes couldn't bring together the normal lunch crowd and people who could not afford a meal.

April 5, 2018

Why U.S. Winemakers Can’t Fight the Trade War That the President Uncorked

While facts about China's wine imports from the U.S. are somewhat surprising, still the impact of a tariff war is predictable.

February 27, 2018

What a Strawberry and a Chicken Say About Free Trade

More than governments negotiating agreements, free trade is about the variety of strawberries, chickens, pickup trucks and pencils that we can buy.

July 24, 2017

How Steel Tariffs Impact Whiskey and Whipped Cream

A Riddle: Q: Where do Pecorino Cheese, whiskey and whipped cream lose the same battle? A: In trade wars. Pecorino Cheese Our first story starts with […]

July 24, 2015

The Real Eurozone Problem

Although people in the eurozone want a single currency and their leaders want unity, monetary union problems create political distrust and disunity.

April 6, 2015

Why a Dollar Coin Might Not Be Money

In the U.S. the Federal Reserve tried to introduce metal dollar coins into the money supply but currency demand indicates that people prefer paper.

September 24, 2014

What Do iPhones and Pencils Have in Common?

Whether looking at the supply chain for a pencil or an iPhone 6, we see globalization because price system incentives create cooperation.