What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.
David J. Bier Immigrant workers seeking a green card—which denotes legal permanent residence in the United States—now face a wait time of more than three years to make it through the government’s regulatory morass. Paying a $2,805 fee could cut this wait to “only” two and a half years. The
Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago.
Eric Gomez April 2024 was a relatively quiet month for the US arms backlog to Taiwan. Congress did not receive any notifications of new arms sales, and there were no reports of US weapons being delivered to Taiwan that would reduce the backlog. On April 24, President
Adam N. Michel A recent Treasury Inspector General for Tax Administration (TIGTA) report highlights a series of little‐known, fraud‐ridden tax credits for biofuel producers. These subsidies are a cautionary case study of how complicated tax credits are often legally and illegally abused. As trillions of dollars in
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the losses and the negative capital that are now reality.
Jeffrey A. Singer Yesterday, the Vermont Senate passed H.72, which permits an overdose prevention center (OPC) to operate in one municipality in the state, provided the municipality approves. The mayor and city council of Burlington, Vermont’s largest city, have already signaled that they support this proven
Progressives claim that profits are an unjust transfer of wealth from the poor to the rich. In reality, entrepreneurs earn profits by directing resources from less valued to more valued uses to satisfy consumer needs.