Explainer: What is Going on in Venezuela?

What’s going on in Venezuela? Because of high inflation and unemployment, Venezuela has the most miserable economy in the world. The country currently has an inflation rate of 180 percent, but that’s expected to increase 1,642 percent by next year. Continue Reading...

Explainer: Obama’s New Overtime Rule

What just happened? On May 18, the Obama administration announced the publication of a new Department of Labor rule updating and expanding overtime regulations. Why did the overtime rule change? Since the 1930s some white collar jobs (i.e., Continue Reading...

How Does the Economy Actually Work?

In every stage of my formal schooling – from high school to college to graduate school – I took courses in economics. Yet with all that education I struggled to understand a seemingly simple question: How does the economy actually work? Continue Reading...

Explainer: Supreme Court Punts on Little Sisters Religious Liberty Case

What just happened? The Supreme Court avoided issuing a major ruling today in a combined religious liberty case, Zubik v. Burwell. In a unanimous decision, the justices wrote that the Court “expresses no view on the merits of the cases” but were instead sending the case back down to the lower courts for opposing parties to work out a compromise. Continue Reading...