Supply and Demand in Action in the Oil Market

What a surprise! A decrease in production, coupled with an increase in demand => decrease in inventories => an increase in price (WSJ, June 2020). Who knew?

The USA is a mixed economy

Seattle requires "food-delivery app companies to provide gig workers “premium pay” for deliveries in the city" while "prohibiting the companies from raising fees or leaving the city in response, even if the new rule causes them to lose money" (WSJ, June 2020). Is this another step on the Road to Serfdom?

The benefits of protecting private property

This post argues that everyone has property and that protecting my property often benefits other people (Cafe Hayak, June 2020).

Evidence that the monetary return to studying economics is high

"estimates show that policy-complying economics majors — who appear representative on observables — earned $22,000 (58%) higher annual early-career wages than they would have with their second-choice majors" (https://privpapers.ssrn.com/sol3/papers.cfm?abstract_id=3583165).