Frédéric Bastiat, the great 19th-century economic journalist, famously asked, “How does Paris get fed?” In a nutshell, I think that’s the central question of economics.
If the goal is to provide affordable housing to lower-income tenants, rent control is a horrible policy.
"No other modern book from which the intelligent layman can learn so much about the basic truths of economics in so short a time." ~ F.A. Hayek
Politicians love blaming economic troubles on outsourcing. But outsourcing is fundamental to the creation of wealth—and it happens constantly, with nearly everything we buy, explains Tyler Watts.