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.

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.

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.

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 bananas and ends with cheese. Because Great Britain, France and Spain wanted to favor…

Lessons From the App Economy

Tracing the history of the app economy from the surprising first million dollar app to today, we would see how similar it is to a simple pencil.

The Jobs That Politicians Lose Because of Globalization

Employment in Alabama’s 5th Congressional District has been hit hard by China. According to one estimate for 2001 to 2011, 3.77% of all jobs in the district were displaced because of manufacturing layoffs. Also, the moderate Republican congressman representing the 5th District lost his…

What Do Coffee and Pencils Have in Common?

Our freshly roasted cup of coffee is the result of a coffee supply chain that depends on prices that create production and distribution incentives.

Three Charts That Show the Good Side of Free Trade

The consumer benefits from free trade with cheaper goods that most help low income households, more variety, and a GDP rise that boosts living standards.

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.

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.