The Economist has an article discussing the ride share industry. They pointed out that ride share companies engage in price gouging when demand for their services is high: This digital twin, one of the most sophisticated of its kind, allows Uber to adjust its operations in real time. Annoyed passengers may think that this enables the […]

Econlib Blog

11.09.2024

Efficiently Inefficient - Econlib

Orgel’s second rule states “evolution is cleverer than you are.” By this, he meant that our inability to explain how this or that feature might have evolved only demonstrates a lack of imagination or understanding on our part. It does not serve as positive evidence against the evolution of that feature. But there’s another meaning […]

Econlib Blog

11.09.2024

Basic Data on Federal Finances - Econlib

Many people, including rationally ignorant voters, ignore the poor state of the US government’s finances. The Table below gives some numbers, extracted from the last budget of the US government. Politicians should be aware of the problem, but their self-interest is to kick the can down the future and compete for the perks of power […]

Econlib Blog

12.09.2024

Socialism Is Not Neighborly - Econlib

Minnesota Governor Tim Walz, the Democratic vice presidential nominee, recently urged his supporters to not “shy away from our progressive values. One person’s socialism is another person’s neighborliness.” Socialism is sharing a cup of sugar with the family across the street, and who could object to that? Walz’s identification of socialism with neighborliness is reminiscent […]

home›Econlib Blog

Econlib Blog

Economy

Do consumers prefer price gouging? - Econlib

Efficiently Inefficient - Econlib

Basic Data on Federal Finances - Econlib

Socialism Is Not Neighborly - Econlib

home
›
Econlib Blog