Articles / September 08,2021

Regardless of a country’s natural resources, culture, or education, the institutions it has in place are far more significant in explaining its economic development. Countries with secure private property rights, the rule of law, and free markets tend to have higher per capita incomes and...

Articles / August 10,2021

Everybody knows that the government spends a whole lot more money doing the same job than the private sector would—and usually doesn’t do as good a job.  This pattern isn’t just a coincidence. There are straightforward reasons for the tendency of government interventions in the...