Summarizing Thomas Piketty’s voluminous research in his new book, Capital in the Twenty-First Century,” the NY Times said that looking back, we have overstated the beneficence of capitalism and looking forward, gross income inequality is our destiny unless policies radically change.…
New US ivory regulations have had unintended consequences. During November 2013, the US government “pulverized” nearly 6 tons of elephant ivory from Asia and Africa. Intending to send a message to elephant poachers, the Fish and Wildlife Service destroyed ivory that…
Beyond less sleep, when we moved our clocks ahead last night, we created many unintended consequences. It all began during the 1880s when the railroads said that they should coordinate time. With railroad companies observing 52 different times and even…
Hoping to cut costs at the pump and buy less foreign oil, President Obama said in his 2014 State of the Union address that medium and heavy duty vehicles would be the next target. A part of the CAFE mandate…
On the first Saturday in 2013, in Japan, at the Tsukiji auction, a 489 pound bluefin tuna was sold for $1.76 million. As a source of information, what does $1.76 million say to you? One journalist said it could mean:…
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