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Economics

  • Does Equal Pay Day Promote Myths About Women’s Pay?

    Does Equal Pay Day Promote Myths About Women’s Pay?0

    Today is Equal Pay Day. That means it’s time for people to peddle myths about what women are paid for doing the same job as a man. Many of those who promote Equal Pay Day cite a misleading statistic that the average woman makes 20% less than the average man. But this statistic compares women

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  • A Government Guide to Keeping Insulin Unaffordable: 3 Easy Steps to Hogtie a Market

    A Government Guide to Keeping Insulin Unaffordable: 3 Easy Steps to Hogtie a Market0

    If you’ve heard anything about insulin lately, it’s probably been palpable outrage over soaring prescription prices or dubious optimism about Eli Lilly’s recent release of its new version that, at half the price, will cost an arm or a leg but not both. Amid this cesspool of indignant commentary, you’re likely to hear one of

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  • The Pitfalls of Ethnic Pay Gaps

    The Pitfalls of Ethnic Pay Gaps0

    British Prime Minister Theresa May is obsessed with measuring pay gaps between social groups. She championed the requirement for companies with more than 250 workers to measure the so-called “gender pay gap.” Now she wishes companies to measure the “ethnic pay gap.” Yet these measurements, hailed by champions of intersectional theory, produce deceptive statistics that

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  • The Rosetta Stone’s Hidden Lesson on Taxes and Special Interests

    The Rosetta Stone’s Hidden Lesson on Taxes and Special Interests0

    Tax season is a good time to remind us that the history of taxes tells the story of whole civilizations. What is taxed, and how much is it taxed, tells us what the rulers valued. What was exempt tells us who had the political pull to be excluded. It is no different today. If you’re

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  • Single-Payer Healthcare Topples Nordic Government

    Single-Payer Healthcare Topples Nordic Government0

    Failure to reform the national health system has led the government to collapse in one of the most statist governments following the Nordic model. Prime Minister Juha Sipilä of Finland and his cabinet members have resigned after failing to rein in the nation’s health care costs and provide greater competition. This comes as reports show private citizens in

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  • Why We Don’t Have Generic Insulin

    Why We Don’t Have Generic Insulin0

    “Why is Narcan free to a dope addict but my insulin is $750 a month?” asks an online meme that has since gone viral. “Humalog cost $21 a vial in 1996 and now that same insulin is $375” claims another meme designed to call for price regulations. While these statements do have some truth behind

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