Latest Posts

April 04, 2017

The ‘Great Repeal Bill’ and the long shadow of EU law

Millions had assumed that Brexit meant that, in the words of Prime Minister Theresa May, “our laws will be made in Westminster, Edinburgh, Cardiff, and Belfast.” But the government has announced that it will continue to be bound by thousands of EU regulations, passed in Brussels, for the foreseeable future. Continue Reading...
April 04, 2017

The minimum wage as a price floor

Note: This is post #27 in a weekly video series on basic microeconomics. Minimum wages are a type of price floor, and as with all prices floors, when prices are kept artificially high they can lead to several consequences that hurt the consumer. Continue Reading...
April 03, 2017

Why protectionism harms human dignity

From an economic perspective, protectionism is one of the most foolish policies a country can adopt. It not only hurts the nation’s economy, but makes individual households poorer. Why then do so many people who are aware of this reality still support protectionist policies? Continue Reading...
March 31, 2017

The worst humanitarian crisis since World War II

The world is facing its largest humanitarian crisis since 1945, according to the United Nations. “We stand at a critical point in history. Already at the beginning of the year we are facing the largest humanitarian crisis since the creation of the UN,” UN Emergency Relief Coordinator Stephen O’Brien recently told the UN’s Security Council. Continue Reading...
March 31, 2017

How socialism ruined Brazil

The popularity of the Bernie Sanders’s presidential campaign revealed how popular socialism is with a large swath of Americans. But how has socialism worked out in other countries? Felipe Moura Brasil, a journalist and columnist for Veja magazine, explains how his country has fared under socialism. Continue Reading...
March 29, 2017

Brexit begins an era of free trade and innovation: Theresa May

With the delivery of Theresa May’s letter this afternoon, Brexit has begun. The communique – which Sir Tim Barrow personally handed European Council President Donald Tusk – expresses her desire to replace the EU with “deep and special partnership,” or as she said in this afternoon’s speech to Parliament, “a partnership of values.”  Continue Reading...
March 29, 2017

Understanding the President’s Cabinet: Defense Secretary

Note: This is the tenth in a weekly series of explanatory posts on the officials and agencies included in the President’s Cabinet. See the series introduction here. Cabinet position: Secretary of Defense Department: Department of Defense Current Secretary: Jim Mattis Succession: The Secretary of Defense is sixth in the presidential line of succession. Continue Reading...