Where a Pop in a Corn Price is a Problem

When North Korean prices for rice and corn rise steeply, we get the message that something is wrong with supply and demand.

Throwback Thursday: When McDonald’s Went to Moscow (and Maybe Changed the World)

Contemplating the impact of the McDonald’s Moscow, journalist Thomas Friedman suggested that nations that hosted the hamburger chain won’t fight each other.

The First and Last Places to Celebrate the New Year

Because time zones are a human creation, the beginning of the New Year varies around the world.

Grading North Korea

Just like teachers, the writers of the Index of Economic Freedom give grades. Instead of students, though, countries receive their grades after being “tested” on such economic issues as starting a business, tax policy, and private property. The highest grades are…