Commentary
Adam Smith said it all, in “Wealth of Nations”: “The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”
The California Department of Motor Vehicles office (DMV) in Van Nuys, Calif., on Aug. 6, 2018. behzad moloud/Shutterstock
Michael Munger
Author
Michael Munger is a professor of political science, economics, and public policy at Duke University and senior fellow of the American Institute for Economic Research (AIER). His degrees are from Davidson College, Washington University in St. Louis, and Washington University. Munger’s research interests include regulation, political institutions, and political economy.
