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Economics

  • How Democracies Become Tyrannical

    How Democracies Become Tyrannical0

    For most of the last three centuries, the ideas of liberty and democracy have been intertwined in the minds of both friends and foes of a free society. The substitution of absolute monarchies with governments representative of the voting choices of a nation’s population has been considered part and parcel with the advancement of freedom

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  • Why People in Hong Kong Have Incomes 5x Higher Than People in China’s Richest Province

    Why People in Hong Kong Have Incomes 5x Higher Than People in China’s Richest Province0

    For two decades, prosperity has followed economic freedom for the most economically free territory in the world: Hong Kong. An island lacking natural resources, Hong Kong was added to the British Empire after the Opium Wars and eventually transformed into a hub of Britain’s China trade. Britain’s 99-year lease on Hong Kong expired in 1997,

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  • Three Common Ways Governments Misuse Statistics and What You Can Do About It

    Three Common Ways Governments Misuse Statistics and What You Can Do About It0

    Government agencies and researchers produce endless reams of statistics. While statistics can be valuable, they can be easily misrepresented. A 2017 study on the use of statistics in news characterized the problem as such: “The constant supply of data produced by think tanks, government agencies, independent researchers, academics and others is a significant and a

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  • Seattle Aiming to Become More Like Detroit

    Seattle Aiming to Become More Like Detroit0

    This article says “Seattle is struggling to find a path forward to deal with a crisis that’s exploded in recent years.” What is that crisis? An economic boom! The article says, “unemployment in the county is at 3%, the lowest in the state… Housing is becoming less affordable, leading to more homelessness. At the same

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  • ‘Bourgeois Dignity’: The Idea that Created the Modern World

    ‘Bourgeois Dignity’: The Idea that Created the Modern World0

    When thinking about the astonishing improvement in living standards occurring over the last two centuries, one can’t help but wonder about the causes of such a radical transformation: what explains the unprecedented increase in income per capita that the world has experienced since 1800?  To answer this question, one needs to look back at where it all

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  • Social Security Has Not Been “Looted”

    Social Security Has Not Been “Looted”0

    The newly released Social Security Trustees Report describes serious fiscal issues with the program and stresses that it should be reformed soon, or the situation will become much worse. However, public support for reform is impeded by a common fiction that inflames debate and distracts from the roots of the problem. What the Report Says

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