Value and Exchange

The unregulated SEO industry shows how companies seek to out-do each other in terms of quality for customers.

Independent contractors such as Uber drivers may be legislated out of existence by European politicians.

In Iowa, the Dakota Access Pipeline has relied on government to seize land from private-property owners unwilling to grant access to the oil companies.

Recent minimum wage increases will both increase the cost of living and limit employment for low-skilled workers.

Not understanding how politics works will prove to be much more harmful than ignorance about how markets work.

As another step toward greater use of negative interest rates, the abolition of cash will only lead to the destruction of wealth.

The value of objects can change without any physical change to the object at all. I need only tell you that some junk you see is really art.

The NCAA is a powerful taxpayer-subsidized cartel that largely exists to deny the athletes the compensation they would earn in a working marketplace.

When it comes to trade, the best US policy, or that of any country, is the elimination of all barriers to imports.

Economists generally do not like high transactions costs. But they can be good when imposed on governments.