Regulations worsened the baby formula shortage

The world is an economics classroom if we allow ourselves to learn from it. Every day we’re bombarded with puzzles that the economic way of thinking can help solve. One of the more recent examples of this is the infant-formula shortagethat plagued an industry already confounded by pandemic-related supply chain issues. Continue Reading...

John Wesley teaches us the true value of money

John Wesley, the father of Methodism, defended a rigorous and intentional plan for Christlikeness that would touch every aspect of a believer’s life. Caring intensely for the poor, he endeavored to create short, easy-to-read “penny pamphlets” and small booklets that would help anyone to come to a saving knowledge of Jesus Christ and to follow Him in such a way that they would begin to take on his very character. Continue Reading...

Price-gouging laws won’t help gas prices or consumers

Yesterday, Democrats successfully but narrowly passed an anti–price gouging bill in the House to address raging prices at the pump and to deliver on promises for successful climate-change legislation. Meanwhile, the Senate Natural Resources and Energy chair, Joe Manchin, continues to work toward a bipartisan climate and energy package.  Continue Reading...

Terrorists and your valentine have more in common than you think

Economics is the study of human action; it’s the study of individuals making choices. As a result, we can use the “economic way of thinking” to understand the decisions people make when it comes to all types of behavior, including dating and marriage, Spring break and Vegas vacations, and, yes, even why terrorists commit acts of violence or voluntarily die for their cause. Continue Reading...