The impact of resources on national development has puzzled economists and political scientists for decades. Economic literature has noted that resource-rich countries conventionally fail to transform natural advantages into material prosperity. In the field of economics, this development is known as the resource curse. It has been asserted that resource abundance degrades the quality of institutions by emboldening elites to devote resources to capturing rents.

After the Consumer Price Index surged last year to its highest level since 1982, politicians are feeling pressure from constituents to do something about it.

On Monday, President Joe Biden announced $1 billion in grants, loans, and other assistance for small meat producers. Another costly government program will, supposedly, help tame rapidly rising beef and poultry costs.

In recent years, Marxist theories of environmentalism have plagued online discourse and seeped their way into the public policy realm. Politicians then utilize these theories when formulating new legislation. While sometimes intimidating, these theories suffer significant flaws.

I was recently on a road trip to Missouri where I saw a sign that indicated that I was on the famed Route 66, a U.S. highway that ran from Chicago to Los Angeles from the 1920s through the 1960s. Although I grew up in South Texas, as a kid I was very familiar with Route 66 because one of my favorite television programs was “Route 66,” which starred Martin Milner and George Maharis.