
Brexit disappointed both its critics and supporters, but Britain’s economic malaise runs much deeper than the 2016 referendum.
Taxing vacant properties may be politically appealing, but they have little effect on rents while creating new economic distortions.
A real-world example shows how taxes eat into marginal income, steering workers toward lower-paying but more-pleasant jobs.
Americans prefer to live where they can keep what they earn and be left alone—even if the freebies are better elsewhere.
Building a business out of your garage is a quintessentially American origin story. In many places, it’s also against the law.