Housing costs in New York City have reached a level that many people can no longer afford. The response has been to push for more control—limits on rent increases and expanded tenant protections. The intention is clear. However, housing markets respond to incentives, not intentions.

If there is a mantra among progressive American political and media elites, it would be “our democracy,” usually preceded by what they believe to be a threat from the Right. For example, progressives deemed the recent reversal of Roe “a threat to our democracy” because it removed laws regulating abortion from Supreme Court jurisdiction and returned the issue to democratically elected legislatures.

Chilean President Kast said Chile had been “violated by illegal immigration, drug trafficking and organized crime.” 

Late last year, German lawmakers passed new legislation paving the way for military conscription.

Last week I gave a plenary talk at the Utah Winter Strategy Conference on the contributions of the UCLA school of economics and its enduring relevance for research in strategy, entrepreneurship, and organizations.