2019 G20 Summit: Tariffs and forbearance

As world leaders from a select group of the largest national economies meet in Osaka at the end of this week, they face increasing volatility and uncertainty around some of the basic principles and institutions that bring together their various peoples in the global marketplace. Continue Reading...

Are children their parents’ property?

John Stossel says, “Yes,” at least according to a recent video at Reason. In the video, “Don’t Be Scared of Designer Babies,” Stossel interviews Georgetown University Professor Jason Brennan, who offers the following unhelpful and patronizing strawman of anyone who objects to the idea of using gene-editing technology to engineer one’s offspring however one wants: When you have any kind of intervention into the body that’s new, people think it’s icky. Continue Reading...

Religious faith: It’s a market?

When a market is mentioned, buying, selling, and everyday business activities usually come to mind. Economists Rachel M. McCleary and Robert J. Barro have a broader focus in their new book, The Wealth of Religions: The Political Economy of Believing and Belonging. Continue Reading...

When the Federal Reserve does too much

Note: This is post #123 in a weekly video series on basic economics. “If you think through all of the variables that shape a country’s economy, it’s no wonder that monetary policy is difficult,” says economist Alex Tabarrok. Continue Reading...

New study exposes career training cronyism

Last week the Mackinac Center — a think tank that focuses on public policy in Michigan — published a new study: “Workforce Development in Michigan.” The study, authored by Hope College economics professor, Acton research fellow, and Journal of Markets & Morality associate editor Sarah Estelle, examines the wide variety of skills-training and employment programs in the state. Continue Reading...