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What a 1958 onion law reveals about modern politics
University of Chicago students recently held an onion-themed protest, of all things. Social media was flooded with more onion puns than any reasonable…
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America’s debt and the next generation
Every tab eventually comes due. The conversation winds down, the plates are cleared, and someone reaches for the check. For decades, the United…
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The challenges of central banking
The Federal Reserve has decided to maintain interest rates between 3.75 percent and 4 percent. Within minutes of this announcement, economists, investors, politicians,…
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The problem is scarcity, not Disney’s prices
Disney doesn’t just offer admission to a theme park. It promises a magical experience. But when millions of people seek that experience, Disney must…
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GDP and the origins of prosperity
The United States is a wealthy and prosperous country. Historically, Americans have looked to Gross Domestic Product (GDP) to measure their prosperity. GDP…
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Can a country trade its way to independence?
Protectionists often say that tariffs are a way to achieve economic independence. They argue that raising the prices of foreign goods can bring production…