My $100 Tomato: Is Self-Sufficiency Overrated?
My $100 Tomato: Is Self-Sufficiency Overrated?
The main principle of trade policy is make or buy. “Economics” comes from the Greek word oikonomia, deriving from oikos, meaning “house” or “household,” and nomos, meaning “law” or “rule”. Thus, oikonomia originally meant “prudent household management,” including labor, finances, and property, to ensure stability and self-sufficiency for the family. Over time, the term expanded...
By Michael Munger
Milei’s First Year: Liberty, Less Regulation, Low Inflation
Milei’s First Year: Liberty, Less Regulation, Low Inflation
There’s something happening here. What it is, ain’t exactly clear. Around the world, there is growing impatience with the orthodoxies and condescension of the progressive left. In the past two years, right-leaning parties have outperformed electoral expectations in Belgium, France, Germany, Italy, the Netherlands, and Portugal, and countries such as Hungary, Poland, and — again...
By Michael Munger
Our Kids Have No Economic Immune Systems
Our Kids Have No Economic Immune Systems
The sanitation or “hygiene hypothesis” holds that humans need environmental adversity for our immune systems to mature and function normally. The “Old Friends” corollary holds that a variety of “helminths” — tiny parasitic worms, whose eggs have been found in human feces for the past five thousand years, at least — temper and absorb the...
By Michael Munger