In Defense of “Junk” Fees

My title is a bit misleading. I will, unapologetically, defend fees. I will also defend many of the fees that are unjustly

An Economics Pop Quiz

Here’s a pop quiz. Some questions are conceptual, others ask about particular facts. The correct answers are supplied at the end. (But

A Tale of Two Realities

The “fourth estate” is an appellation Americans give to the media for its role in shedding light on government and informing voters.

Joblessness and the Fed

The US economy added more than half a million jobs in January, significantly exceeding forecasters’ expectations. A robust labor market complicates the

The Diversity Dodge

Elite universities have embarked on a quest for diversity. They have devoted hundreds of millions of dollars to obtaining a diverse faculty.