Speaking with a friend recently, we chanced to talk about money and coins. He is a coin collector and had just visited a coin shop nearby. I mentioned my own studies of medieval economy and its coinage. Much to my surprise and delight, he reached into his inner coat pocket and pulled … Read more
It should be an obvious conclusion to reach: Marriage is good for society. History confirms this conclusion. Economists can document it. Teachers can perceive it. Children experience it. And yet so many do not want to reach this easy and obvious conclusion. However, it is an undisputed fact that has now been … Read more
The continuing debate over the debt ceiling raises matters of such a magnitude that it is easy to be overwhelmed and confused. Everyone can agree that there is obviously something terribly wrong about a nation that must survive by borrowing against its future. Elementary economics teaches us that we cannot live beyond … Read more