The Economic Side of Legal Marijuana

When Massachusetts voters said yes to legal marijuana, they made an economic decision that relates to competition, taxes, and banking.

Weekly Roundup: From Raisins to BBQ

Our everyday economics includes property rights, sovereign debt, default,, externalities, regulation, Pigovian taxes, incentive, state taxes, and oligopoly.

Two Reasons For Moving to Alaska

Creating different incentives, the variety among state taxes includes some with no income tax, others with sales taxes and some with severance taxes.

Problems With Sugary Drink Taxes

To avoid inelastic demand, a sugary drink tax would need to increase price substantially. Current taxes that average less than 5% have little impact.

Is Your Home State Popular?

The Erie Canal has always been my favorite. Initiated by a Clinton who wanted to be President (DeWitt Clinton, governor of NYS), the canal was completed in 1825. Because it connected Albany, NY to Buffalo, NY, people and goods in…