Why People Pay Higher Prices for Some Goods Relative to Others
One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to…
Miller Electric Drives Autonomous Vehicle Operations with T‑Mobile 5G Private Network
Visitors at Jacksonville, Florida’s revitalized waterfront will soon be able to experience the future of fully autonomous public transit. T-Mobile and Miller Electric Company today announced a collaboration to use…
Honeywell and Google Cloud to Accelerate Autonomous Operations with AI Agents for the Industrial Sector
Google Cloud AI to enhance Honeywell’s product offerings and help upskill the industrial workforce. New solutions will connect to enterprise-wide industrial data from Honeywell Forge, a leading IoT platform for…
Why the Money Supply Is Growing Again
In August, the money supply grew at the fastest rate in 23 months.
The Birth of “Irrational Exuberance”
Long before there was Alan Greenspan to turn the Federal Reserve into Casino Central, there was John Law, France’s minister of finance more than three centuries ago. Like Greenspan’s infamous…
Clarifying the Possibility of a Contingent Election under the Twelfth Amendment
Andy Craig As we get closer to the election, a number of articles have been published offering legal explainers for how the process under the new Electoral Count Reform Act of 2022 would…
Yes, Car Seat Laws Reduce the Birth Rate
Thanks to increasingly broad car-seat laws, a third child often requires the purchase of a larger, more expensive vehicle. At the margins, this has an effect on fertility.
What is Old School Economics?
When people speak of “old school economics,” they generally mean the application of economic thinking that involves what we might call “common sense.” That would include permitting a price system…
Ctrl+Alt+Regulate: The DMA’s Misguided Reboot of Competition
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions enhance is more government power.
Hayek on the Welfare State
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was compatible with the rule of law.…