Viral Trends
Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
The median-priced home in America now costs $440,600 , while the median household ear…
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Viral Trends
Why CPI Ignores Homes, Stocks, and the Cost of Getting Ahead
The median-priced home in America now costs $440,600 , while the median household earns roughly $84,000 a year. That gap has left a growing share o…
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Viral Trends
What Makes Pharmaceutical Speaker Programs Illegal?
Pharmaceutical companies have paid billions of dollars to the US government and whistleblowers to resolve allegations that they used speaker progr…
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Viral Trends
The Right’s Long March Toward Illiberalism
Several years ago, at a Philadelphia Society meeting, a friend approached me. He identified as a national conservative and believed that the Rig…
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Viral Trends
The Swinging Sixties, Chicago School Style
Around 8 pm on Friday, December 29, 1967, Milton Friedman stood to address the annual meeting of the American Economic Association. The space was ca…
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Viral Trends
When Government Separates Choices from Consequences
Economics textbooks often teach that a proper role of government is to intervene in markets to align incentives when the market fails. Markets work …
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Viral Trends
How Markets Fought Mosquitoes
While you may best remember handheld insecticide sprayers from their pop culture appearances in Mickey’s Garden (1935) or The Godfather (1972), t…
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Viral Trends
AI Raises the Value of What It Can’t Replicate
Last month I was attending a performance of The Sleeping Beauty at London’s Royal Albert Hall, when during a particularly ambitious dance lift, som…
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