Unfortunately, information about the author is unknown to us. But you can add it. Read full biography of Adam Davidson →
Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so... →
Hating Wall Street is an American tradition that dates back even to the days when Thomas Jefferson cursed that money lover Alexander Hamilton. And... →
Poverty is not the simple result of bad geography, bad culture, bad history. It's the result of us: of the ways that people choose to organize... →
Holiday binge-buying has deep roots in American culture: department stores have been associating turkey gluttony with its spending equivalent since... →
When you see a merger between two giants in a declining industry, it can look like the financial version of a couple having a baby to save a marriage.
The cardinal rule of taxation is that whatever you put a levy on, you'll inevitably get less of. Taxing corporate activity means less investing... →
If an alien with an accounting degree touched down in America, it might conclude that we're a weird cult that spends 11 months living frugally... →
'Reinventing the Bazaar,' by John McMillan, is a great and fun introduction to the wild variety and importance of markets throughout history... →
The American dream always meant that anybody willing to put in a hard day's work could make a decent living. That's just not true anymore for... →
In poor countries, the rich and powerful crush the poor and powerless.
Economics is not a discipline that comes to correct answers - economies are too complex.
We can fight over what the taxation levels should be, but the tax system should be very, very simple and not distortionary.
Whenever you hear news about jobless claims or the unemployment rate, you should translate that in your mind to one simple phrase: Stay in school.
Unfortunately, information about the author is unknown to us. But you can