Ask the average person about her smartphone, and the odds are better than even that she’ll be able to recite the make, model, and salient features such as battery life and camera quality. She may even be in a position to rank the phone relative to other handsets and to make a recommendation as to … Continue reading Do Financial Regulations Decrease Financial Literacy?
By Diego Zuluaga The Leave campaign carried the day in the EU referendum by promising to “take back control." On an individual level, this is unambiguously an appealing prospect – who wouldn’t want to be the master of one’s own destiny? But when it comes to issues of public policy, the motto has as its … Continue reading No use in tampering with the tampon tax
By Diego Zuluaga One of the few but crucial advantages that economists have over the noninitiated in attempting to navigate the world is the recognition that the optimal amount of a ‘bad’ – such as pollution, crime, and obnoxious advertising – is rarely zero. This is at first a shocking statement – how could one … Continue reading Sadly, economic thinking is still marginal