Value and Exchange

Thanks to government loans, the price of college has skyrocketed in recent years because student loans mean colleges can raise their prices without driving away otherwise-price-sensitive students. Only a fraction of the hefty price hikes go toward classroom instruction or core educational...

Recognizing they have little chance of changing the outcome, people often vote to send a message about themselves. But, whatever the motivation, voting contrasts sharply with market choices where people actually bear the costs of their own decisions.

New York State Attorney General says that fantasy football is just as bad for you as the State Lottery. The lottery is actually much worse!