Archive: Economy & Jobs

Candy Kings
How Do Your Kids Create Wealth by Trading Halloween Candy?
We spent a lovely evening with friends last night, enjoying a lovely dinner of baked potatoes with homemade chili garnished with bits d’bacon and locally-sourced shredded cheddar—the nearest Target isn’t that far, after all—and served with a sour cream reduction. Even the kids, who had gathered in the downstairs playroom to trade…
Art Carden | November 7, 2018
More Taxes, Less Beer
How Much is Government Really Charging You?
How much of your daily life is impacted by government? I was enjoying a pint at my new favorite brewery and struck up a conversation with one of the owners. After learning I research taxes, he told me the staggering amount he contends with just to provide good beer on…
Elliot Young | October 31, 2018
A License to Kill Jobs
Do You Have a Permit for That?
Starting a business is tough. Acquiring the skills necessary to succeed, attracting and retaining customers, and outcompeting the competition are not easy feats to accomplish. It can be even tougher once government regulations are thrown into the mix.
Ben Wilterdink | October 19, 2018
Hacking Mosquitoes to Save Lives
How Innovation is Being Harnessed to Take on Deadly Diseases at the Source
Hacking pests could be a turning point in defeating some deadly diseases and saving millions of lives worldwide. It could also end the need for conventional spraying campaigns.
Lawrence McQuillan | October 16, 2018
Love Gov 2: A License to Kill … Jobs
Episode 3 | Season 2
In this episode, Sam and Katie take on side-hustles to pay bills.
Catalyst | October 1, 2018
Welcome to Catalyst!
The internet can be a noisy place. Sometimes just logging into social media feels like stepping onto a battlefield, except nobody knows who’s on which team and what the teams even mean anymore.
Catalyst | September 30, 2018
Two-way Trade in the “Same” Commodity
The same commodity can be both imported and exported to a single country.
In some economically relevant regard, the product being imported at any particular moment differs from the product being exported from a given country. International trade is much more complex than one might imagine.
Robert Higgs | September 24, 2018
What Can We Learn From 16th Century Pirates?
16th century pirates have a lesson to teach about free trade.
In the 1500s, Chinese imperial officials tried to Make China Great Again—or at least solidify their control over the empire—by vigorously prohibiting international trade. One of the unintended consequences? Increases in pirate raids on coastal cities. This 16th-century Chinese example shows us how people responded to trade restrictions specifically and how they respond to changing returns to productive and predatory activity more generally.
Art Carden | September 22, 2018
How Much Training Do I Need for This Job?
The government has a lot of good intentions in the job world.
The government has a lot of good intentions in the job world. Bureaucrats want to protect consumers, workers, and the environment. But in practice, they end up protecting people from jobs.
Catalyst | September 22, 2018
How a Charity Uses Fake Money and Auction Markets to Help Feed America
This nonprofit worked with economists to solve a knowledge problem.
Feeding America’s CEO recognized the mismatch between local and central knowledge, and was determined to solve the problem. Working with a group of local food bank directors and economists at the University of Chicago, they devised an ingenious solution involving fake money and a national online auction market, similar to EBay.
Lawrence McQuillan | September 22, 2018