If businesses get government subsidies to make their products cheaper, or “capture” regulation to hurt their competitors, that’s rent seeking.
Remember the mid-2000s housing crash that wiped out homeowners? Well, there’s another bubble getting ready to pop, and this one’s in student debt. Prof. Antony Davies explains.
Many of the most expensive flood and storm disasters in US history have occurred in recent decades. The glib response is to blame the severity of these catastrophes on climate change, but are we looking in the wrong direction?