David Ricardo’s theory of comparative advantage is counterintuitive, and a lot of people struggle with it. Most of us can see why free trade works in the interest of competitive countries. How, though, can it be in the interest of less efficient places? Why wouldn’t all the jobs go to the more productive trading partner? […]
Chicago Mayor Brandon Johnson wants to fight “teen takeovers” in his city but he is going the wrong, indeed ridiculous, way about it. He thinks he should fix the problem by taxing social media companies and using the revenue to fund more programs for teenagers. Yeah, that’ll work! His aldermen sensibly wanted to authorize stricter […]
President Donald Trump remains in "excellent health" with no major concerns identified, his physician says following his annual physical at Walter Reed.
The embers hadn’t yet been extinguished. Ash blanketed the windshields of vehicles that, amid the chaos, had been hastily abandoned in the middle of...
“California’s ‘Trump Tax Loophole’ is a billionaire-friendly tax break that lets the wealthiest commercial property owners avoid paying taxes based on what their properties...