How Rome Destroyed Its Own Economy

How Rome Destroyed Its Own Economy

Rome did not collapse because one thing went wrong. That is what makes its story so unsettling. The Roman Empire was not a fragile state waiting for one bad emperor, one barbarian invasion, or one financial mistake to bring it down. It was one of the most durable...
The Greek Debt Crisis

The Greek Debt Crisis

Greece did not wake up one morning and suddenly discover it was bankrupt. For years, the country had been living inside an economic illusion. It had the spending habits of a state that could borrow cheaply, the institutions of a state that struggled to collect taxes,...
The Wealth Tax Problem

The Wealth Tax Problem

The easiest tax policy to understand is also one of the hardest to execute. Tax the rich. It sounds obvious. Billionaires own more wealth than entire cities, states, and sometimes small countries. Their fortunes rise with asset prices. Their lifestyles are funded by...
A Beginner’s Guide to Economics

A Beginner’s Guide to Economics

You wake up, check your phone, buy breakfast, pay rent, complain about prices, think about your salary, avoid your bank balance, wonder why houses cost so much, and hear someone on the news say the economy is “strong” even though everything feels expensive. That is...