Across major American cities, residents are facing the high costs of a growing housing crisis. While zoning regulations and affordable housing have typically been hailed as ways to preserve neighborhoods while providing opportunities for low-income families, there is a significant downside to this more restrictive approach. This method of local control over the market gives […]

On December 20, 1951, the United States switched on the first peaceful nuclear power reactor the world had ever seen: Experimental Breeder Reactor-I.­­ The reactor provided just enough energy to power four 200-watt lightbulbs, proving that a nuclear power reactor could be used to generate electricity. By the next day, the scientists had the reactor […]

The ubiquity of American products abroad is hardly surprising. From Ray Bans to Nikes to Chevys, the marketplace today is truly global and interconnected. But one American export may prove to be less fashionable than these aforementioned products: obesity. Fast food establishments have been popping up around the world at an unprecedented rate, selling their meals […]

A patchwork of federal, state, and local laws sets the minimum wages in the United States. The federal minimum wage acts as the bottom price floor for nearly all labor wages throughout the country, except a few occupations within the restaurant and hotel industry. The national minimum wage, established in 1933, was created when President […]

In 1962, leading libertarian economist Milton Friedman published Capitalism and Freedom, a treatise on the value of free markets for a liberal and open society. In it, he attacked the Federal Reserve, consumer protection, occupational licensure, and many other forms of government intervention in the economy. However, far from what one would expect from a […]

Aristotle famously began the Nicomachean Ethics with a declaration: “Every art and every investigation, and likewise every practical pursuit or undertaking, seems to aim at some good.” He contends that a “final good” must exist in order to surmount the difficulties that would arise from an endless regress of ‘good things.’ Aristotle concludes that “what is […]