Cecil Bohanon / Special to IBJ

If there is a local labor-market monopsony, an increase in the minimum wage can potentially raise wages and increase employment.

Economists observe that letting law enforcement keep seized assets gives them a motive to spend more time and effort pursuing asset forfeiture and less time fighting crime.

Despite the current turmoil in the market, shares of common stock are not lottery tickets.

Isn’t it interesting how many on the right have suddenly found affinity with the common-carrier doctrine, while those on the left have abruptly discovered a commitment to unfettered free markets?

The prosperity of the United States of America flows from our freedom coupled with our adherence to a rule of law. And make no mistake, the rule of law was under threat that day.

Janet Yellen used to be chairperson of the Federal Reserve. Her pending appointment raises new questions about the Fed’s independence from Congress and the Treasury.

Playing Monopoly can be a lot of fun, but don’t confuse it for a free market.

The worldwide supply of savings continues to expand. Increasingly fluid and sophisticated financial markets allow savers to seek out returns anywhere on the planet.

An unprecedented number of households are facing economic distress this holiday season. While Congress dithered, local charitable organizations have risen to the challenge.

A big flaw with the democratic process is that voters do not directly bear the full costs of voting on the basis of incorrect beliefs.

After governments take delivery of the vaccines, they will provide them to citizens at zero user charge. If prices don’t allocate resources, what does?

While there are numerous arguments for college loan forgiveness, the one we find the least convincing and most curious is that it is a matter of social justice.

Innovation only betters people’s lives if adopted, and only a market-test can assure it is truly an improvement.

The government of China can accomplish both five-day testing and mass detention because it maintains a pervasive, universal and unchecked system of surveillance on all its residents.

The Oklahoma Surgery Center, known as OSC, does not accept third-party payments from public or private insurance.

While average inflation targeting has some theoretical advantages, the move is easily seen as nothing more than a fig leaf for the Fed to increase its own discretion.

In an election, there is only one winner; those in the minority are just out of luck. Private markets, however, are very good at providing divisible consumption goods.

Some third-party partisans in swing states are offering to exchange their vote for the votes of two-party partisans in non-swing states.