News on the front page of Tuesday’s business section offered a classic demonstration of how markets for different goods respond differently to changes in demand or supply. The top story reported that the number of houses sold in the Twin…
Give the CEO a raise? All in favor say “aye”
Many think CEOs earn too much. But should government do anything about it? Government cannot cure every ill, particularly in situations involving decisions made within legal, private businesses. Intervention in such cases often creates more problems than it resolves, and…
U.S. colleges are envy of the world
As millions of Americans attended college graduations recently, their minds probably drifted during platitude-laden speeches and long recitations of names. Probably few reflected on how our diverse, decentralized system of higher education contributes to U.S. prosperity. Much of the dynamism…
Technology changes what is “tradeable”
Nik is a great political cartoonist. His caricature skills, sense of irony and wit are superb. But U.S. political cartoonists need not worry about competition because Nik draws for La Nacion, a Buenos Aires daily. Unless you follow Argentine politics,…