Explainers
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Who Really Sets Tariffs—and How?
In this Explainer, we’ll seek to understand what tariffs are, who gets to set them, and under what conditions.
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The Economic Tradeoffs of Property Tax Reform
How do property taxes work in the United States, and what are their economic consequences?
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How Currency Shapes Global Trade: Exchange Rates, Investment, and Stability
Free trade and free markets promote sound money, as countries compete for business and investment.
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Do the Rich Pay Their Fair Share of Taxes?
Research Fellow Thomas Savidge digs into tax data to answer a frequently echoed question.
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The Economics of the Minimum Wage: Myths, Facts, and Consequences
This explainer offers a comprehensive analysis of the minimum wage, exploring its history, mechanics, intended goals, and real-world economic impact.
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Financing the Federal Government: How Government Takes & Spends Your Money
This Explainer will cover where the government takes revenue from, how it spends those dollars, how it prioritizes spending, and what’s projected for the future.
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What, Exactly, Are Negative Externalities?
Economics textbooks feature a coherent theory of how markets can allocate scarce resources in ways that achieve what is plausibly described as maximum possible human satisfaction.
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Understanding Trade Balances and What to Do About Them
Prior to 1976, the United States experienced modest trade surpluses. Since then, the US has seen nothing but trade deficits.
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Understanding Thomas Piketty’s Capital in the 21st Century
In the past decade, the theoretical and empirical arguments of French economist Thomas Piketty have attracted widespread attention.
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The State of Competitive Federalism
We face a mixed picture for the recovery of competitive federalism.
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Free Market Electricity: A Primer
Free-market electricity rests on time-honored theoretical and evidential foundations. Yet the classical-liberal alternative to heavy-handed regulation has been ignored for more than a century.
