Should We Give Smartphones to the Homeless?

Across the globe, extreme poverty has been reduced by the advent and ubiquity of a simple tool: cell phones. As USAID says, mobile phones “fundamentally transform the way people in the developing world interact with one another and their governments, and access basic health, education, business and financial services.” Could the same technology that is alleviating extreme poverty around the world also be used to help solve America’s homeless problem? Continue Reading...

A Policy Solution to Fix Inequality and Boost GDP

Andrew Biggs of AEI has a piece up today at Forbes addressing the gender pay gap and provides a neat solution: “forbid women from staying at home with their children.” As Biggs points out, such a policy would address perhaps the greatest root cause of gender pay inequality: varied work experience attributable to choices women make. Continue Reading...

Tesla Motors Releases a Car for the Masses That Runs on Coal

Electric cars are not a new invention, nor are they as popular as they once were. (They debuted in 1890 and by 1900 electric cars accounted for around a third of all vehicles on the road.) But over the past decade, thanks to Elon Musk and Tesla Motors, electric cars have become much more interesting. Continue Reading...

Elon Musk on the Problem with Regulators

“Most of economics can be summarized in four words: ‘People respond to incentives,’” says economist Steven E. Landsburg. “The rest is commentary.” When governments create a regulation, they are creating an incentive for individuals and businesses to respond in a particular way. Continue Reading...