A Surprising Way to Ration Education

Because of increasing demand, Shanghai’s private schools have revised their admission requirements. In addition to the typical student tests and interviews, now parents and grandparents have to meet certain academic standards. At two schools, if your kid applied, YOU would have to take an…

Another Oil Problem

Affecting millions of salads, there is a European and U.K. produce shortage while the supply of Spanish, Italian and Greek olive oil is also down.

Price Ceilings: Cronut Shortages

Described as “Pastry Nirvana,” the cronut was introduced on May 10 at Dominique Ansel’s NYC Bakery in Soho. A cronut is a combination donut and croissant. Chef Ansel said nailing the recipe took experimentation with croissant dough, frying temperatures and fillings.…

The Price of a Life

I get concerned when people say we may need to start rationing health care. Like most goods and services, because there is a limited supply of health care, we have always rationed it. In some way, we had to decide…

Who Should Get A Kidney?

Some say that it is unethical to pay someone for a kidney while others say it is unethical to use a method (a government list) that makes fewer donor organs available. As always, choosing is refusing. The debate continues in…