There was a time when the best advice sounded something like “Go West, young man.” Today, as James R. Harrigan points out, the better advice would be to go East, and quickly. California is a perfect example of how to take something that was great and run it directly into the ground.
Whoever said that the world is run by oil companies and old men wasn’t that far off. Robert E. Wright has a great essay on gerontocracy and geezernomics and how aged politicians are crippling the future of those who will follow them.
Competition has led to drastic improvement in nearly every area of our lives. Josh Hendrickson asks, why do so few people see the positive side of a competitive market for money?
If you’re needing something to lift your spirits, Daniel J. Mitchell may have just what you’re looking for. He reminds us that, by historical standards, Americans today are fantastically wealthy. He also makes a strong case for why the free market makes this possible.