On Christmas Eve, Santa will visit approximately 160 million children. Traveling at nearly 6,214 miles an hour, he will cover 19.3 million square miles. Along the way, he has to stop, drop off each of his 20 tons of presents,…
Why Tariff Revenue Is Peanuts
A look at tariff revenue through the lens of a peanut farmer can reveal some unexpected facts about its size and who pays it.
The Package That Amazon Returned
Now that Amazon’s HQ2 will not be in Long Island City, New York, we can ask if the multi-billion dollar incentive package was worth the tradeoffs.
A Banana, a Billionaire, and a Tesla Tax Follow-Up
Our banana, $450 million painting, and Tesla tax stories were just so interesting that they deserved fascinating follow-ups.
Why Flood Insurance Creates Unintended Consequences
Flooding 34 times in 32 years, a $69,000 home in Mississippi received close to $663,000 in payouts. Similarly, for 16 floods in 18 years the owners of a Houston home valued at $115,000 got $800,000. The insurance industry calls them…
The Cost of Free Electricity
Government subsidies can have unintended consequences because of the incentive to use more of a good or a service than the market has allocated.