Does tying benefit social welfare?

Note: This is post #52 in a weekly video series on basic microeconomics. What is tying and how is this a form of price discrimination? An example of a tied good is an HP printer and the HP ink you need for that printer. Continue Reading...

Why is health insurance so complicated?

Car insurance and life insurance are rather simple. So why is health insurance so complicated? And why can’t it be more like other forms of insurance? Lanhee Chen, a fellow at the Hoover Institution, explains what make health insurance so different—and so complex. Continue Reading...

Business as a calling

Do you live vocationally in your day job, even if you aren’t making a career of it? God’s calling on your life is not a maintenance request, the task is not finite, nor is it particular. Continue Reading...

How’s socialism doing in Venezuela?

Because of high inflation and unemployment, Venezuela has the most miserable economy in the world. The inflation rate over the past 12 months was 460 percent and the unemployment rate is so high the government stopped reporting it last year. Continue Reading...