How Free Trade Helps the Poor

Several years ago economist Bryan Caplan provided the most succinct and helpful statement about how we should think about free trade: “We’d be better off if other countries gave us stuff for free. Continue Reading...

The Economic Effects of the Baltimore Riots May Last Decades

Of all the disheartening scenes of unrest coming out of Baltimore this week, few have been as dispiriting as the image of a church project that was set ablaze. For the past eight years the Southern Baptist Church in East Baltimore has been working on a project that would provide a community center and low-income housing in the form of 60 senior-citizen apartments. Continue Reading...

Can Human Ecology Harm Humans?

That’s one of the questions that comes to mind when reading Bill McGurn’s op-ed in today’s Wall Street Journal. Many free-market advocates, including yours truly, have already expressed concern over what may appear in the papal encyclical due this summer. Continue Reading...

How the ‘Shoe That Grows’ is Helping Kids in Extreme Poverty

One day while walking to church in Nairobi, Kenya, Kenton Lee noticed a little girl in a white dress who had shoes that were way to small for her feet. He thought, “Wouldn’t it be great if there was a shoe that could adjust and expand – so that kids always had a pair of shoes that fit?” That question led to the development of “The Shoe That Grows,” a shoe that grows from a size 5 to a size 12 and can last from 5 to 10 years. Continue Reading...

Andy Warhol, Boredom, And Poverty

Andy Warhol AEI’s Arthur Brooks offers up an interesting take on solutions to poverty. He thinks the key lies in “boring things,” and his inspiration is artist Andy Warhol. I often ask people in my business — public policy — where they get their inspiration. Continue Reading...

What We Can Learn From the ‘Homeless Coder’

On his way to work in 2013, tech entrepreneur Patrick McConlogue walked past a homeless man, Leo Grand, who was exercising with a heavy chain. McConlogue took this as a sign of Grand’s internal drive and motivation and decided to try an experiment: The idea is simple. Continue Reading...

Bob Geldof: Trade Not Aid for Ethiopia

Bob GeldofGood story in the Wall Street Journal today about rocker-activist Bob Geldof and how he’s spearheading a push by private-equity firms into Ethiopia to effect a “historic shift from aid to trade.” Investments are flowing into private sector projects such as a flower farm, a juice company, pipeline building and commodity exchanges. Continue Reading...