created by Raheem Williams |

Elections in free and open societies are often judged on voter participation rates. Pundits and scholars point to cases of poor voter turnout to support claims that our democracy is slowly decaying....

created by James Caton |

You may hear macroeconomists referring to nominal GDP and real GDP, and feel that the conversation is shrouded in mystery. Why do these experts believe that the level of GDP we observe is merely...

created by James Caton |

When we hear the word entrepreneur, we often imagine someone with a cavalier personality who conquers a market. Henry Ford embodied this ideal with the creation of the assembly line. In more recent...

created by Raymond March |

The Swedish phone app Natural Cycles recently made headlines for becoming the first app approved by the Food and Drug Administration for contraception. Natural Cycles uses morning temperature readings...

created by James Caton |

Market structure is not only determined by present conditions. It is formed in light of expectations of future conditions. These expectations drive present investment decisions. Thus, volatility in...

created by Jeremy Jackson |

This is the fourth entry in a multi-part series on Capitalism Mythbusters.

It is becoming increasingly common for people to attribute the economic system of free exchange, also known as capitalism,...

created by James Caton |

Innovations in blockchain technology are enabling lending on the blockchain. This can enable holders of cryptocurrency to use their holdings as collateral for loans. Participants can even borrow in...

created by Raymond March |

The Food and Drug Administration determines which drugs can be prescribed in the United States. However, the FDA does not tell physicians how to prescribe drugs. When physicians prescribe drugs for...

created by Raymond March |

To say the U.S. pharmaceutical market is highly regulated is an understatement. According to the RegData database developed by the Mercatus Center at George Mason University, the pharmaceutical and...

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