Why the Markets Need a Strong Government Hand
Sahara Desert The late Milton Friedman once quipped that if the federal government were put in charge of the Sahara Desert, there would be a shortage of sand within five…
Economic Case Against Social Media’s Targeted-Ad Business Model
Photo by Brett Jordan on Unsplash Social media platforms like Facebook rely on a targeted-ad business model, which generates revenue by using detailed behavioral information to direct ads to individual…
Sunk costs, the COVID surge, and non-refundable holiday air tickets
Daily new confirmed COVID-19 cases (7-day rolling average) in the United States Jan. 3, 2020 - Sep. 17, 2020 Holiday gatherings, the COVID-19 surge, and the sunk cost fallacy: Why…