Latest Posts

May 23, 2017

The problem with tariffs and protectionism

Note: This is post #34 in a weekly video series on basic microeconomics. How do tariffs affect consumers? What about producers? Who wins and who loses? In this video by Marginal Revolution University, economist Alex Tabarrok looks at the costs and consequences of tariffs, quotas, and protectionism. Continue Reading...
May 22, 2017

If King Solomon gave a commencement address

The most famous commencement address was never delivered at a graduation. In June 1997 Mary Schmich, a columnist for the Chicago Tribune, published what seemed like a perennial cliché—the commencement address she would have given if asked—centered around one critical piece of advice: wear sunscreen. Continue Reading...
May 19, 2017

The anthropology of liberty

Liberty and collectivism are not merely competing political systems; at a deeper level, they are rival theologies. Each has its own depiction of God and, with it, differing assessments of human dignity. Continue Reading...
May 18, 2017

Explainer: What you should know about NAFTA

The Trump administration formally announced to Congress today that it intends to renegotiate the North American Free Trade Agreement (NAFTA). According to the Associated Press, U.S. Trade Rep. Robert Lighthizer sent a letter to congressional leaders to start 90 days of consultations with lawmakers over how to revamp the pact. Continue Reading...