In The Media

Prediction markets and betting platforms aggregate collective knowledge, being often more accurate than traditional polls or expert forecasts.

Why do Americans pay so much at the pharmacy counter? One often overlooked factor is that established pharmaceutical companies have been working with big government to short-circuit the free market and make it impossible for generic medicines to compete.

The [visa] lottery would now place heavier weight on petitioners in higher pay brackets, Clemens said. That will ultimately disadvantage entry-level foreign workers, he said, for whom companies may be hesitant to pay a $100,000 fee.

Boettke, Department of Economics, co-authors op-ed on how economic action is forward-looking. An algorithm may extrapolate trends, but it can’t anticipate innovation and changing tastes. It can’t discover what hasn’t been imagined.

Stratmann, a Distinguished University Professor, writes about Trump considering taking Fannie Mae and Freddie Mac public.

Cowen, Department of Economics and Mercatus Center, discusses the effect AI may have on humanity.