The decision to use artificial intelligence–powered robots in the fast food industry depends upon differences in costs and performance between humans and robots. State minimum wage laws are pushing the industry toward robots.
Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.
On yet another crusade, US authorities have sanctioned Chinese cotton imports. The sanctions won't change Chinese policies but they will create hardships for many.
Because California’s government has hamstrung electricity producers in the state, its legislature now wants EVs to be “bidirectional,” that is, to put power from their batteries back into the grid.
Alex Pollock explains to Bob the mechanics of the Fed's current insolvency and its implications for ordinary Americans.
Obamacare's forced electronic medical recordkeeping is denying patients the care they need.
Javier Milei has promised to make the US dollar Argentina's currency if he is elected. Whether it will help the Argentine economy is another matter.
With the creation of the Federal Reserve in 1913, the American people began their new "partnership" with the federal government. The results were wars, inflation, and currency debasement.
President Biden is trying to entice Vietnam to enter into an alliance with the USA to try to "contain" China and its Asian ambitions. This will not end well.
While governments claim to want the well-being of their citizens, they inevitably attack the real source of prosperity: entrepreneurship.
