It’s the year 2026, and sometimes it feels as if we’re taking a nice leisurely walk through a Museum of Wretched Ideas. Consider what’s happening at home. Tariffs raise prices and restrain economic ...
Do we get angry at being harmed only if we believe someone purposely intended the harm? The “empty boat” parable suggests yes ...
Consumption, production, and investment decisions of individuals, households, and firms often affect people not directly involved in the transactions. Sometimes these indirect effects are tiny. But ...