The EU’s “Hamiltonian Moment”

When the leaders of the European Union debated a coronavirus rescue package during a five-day marathon, they wound up with a Hamiltonian agreement.

A Global Look at the Rule of Law

Seeing where the rule of law is stronger can tell us why certain nations have more economic development and others sink under the weight of corruption.

Alcohol, Marijuana or Tobacco: Which is Most Harmful?

When government miscalculates the negative externalities of substances like marijuana and alcohol, they waste land, labor, capital, time and money.