When Grades Are Like Prices

At elite schools, “A” seems to stand for average. The reason is grade inflation. Grade Inflation At Princeton, capping the number of As was not working. The faculty was not consistently observing the mandate and students disliked it. So, after…

How (Not) to Eliminate Face Mask Shortages

Whether looking at rationing, price caps, trade restrictions, or the market, the problem of face mask shortages is tough to solve.