A new economic theory indicates that land use restrictions have worsened wealth inequality. Normally, we shouldn’t fret too much over wealth inequality from natural market forces. After all, free exchanges of goods and services between consenting adults are just, even if the resulting distribution is unequal. Moreover, free markets tend to ...
Charlie Brown always fell for Lucy’s trick of whipping the football away just as he approached for a kick. One Thanksgiving, Charlie Brown hesitated, but Lucy insisted that football was a Thanksgiving tradition. As Charlie Brown lay on his back after being duped again, Lucy smiled down and said, “Isn’t it peculiar, Charlie Bro ...