Katrina Gulliver is Editorial Director at the Foundation for Economic Education. She holds a PhD from Cambridge University, and has held faculty positions at universities in Germany, Britain and Australia. She has written for Wall Street Journal, Reason, The American Conservative, National Review and the New Criterion, among others.
“Amity Island had everything. Clear skies. Gentle surf. Warm water. People flocked there every summer. It was the perfect feeding ground.” On June 20, 1975, moviegoers lined up to see a new picture, a pulpy horror movie about a shark. And it delivered, offering popcorn-spilling jump-scares as the shark leapt up on the screen. The...
Credit cards. You apply for one because it offers you cash back, frequent flyer miles, or some other perk. (After all, the email said you were “pre-approved.”) Or your bank basically handed it to you when you applied for a checking account. Most people today have several in their wallets, and cards (either credit or...