Okay, a follow-up to my earlier discussion of restrictions to cab drivers. An interesting idea to consider is the unintended effect of keeping cab prices artificially high through limiting taxi licenses. As price of cab increases the number of people driving drunk (because it costs too much) will increase and so will the number of [...]

One of the strange things about law in Canada (and other places too) is that there are certain things that are legal when done for free but illegal when money changes hands. The oft-cited example is sex but also includes organs (becoming a donor is admirable but selling your kidney would land you in jail) [...]

Piracy is a dangerous game to play. The vessels used are often small, rickety affairs and there is increasing hostility from would-be captives. But, employment opportunities in Somalia are scarce in the war ravaged country and many people feel they have little choice than to risk their lives by ransoming the lives of those they [...]

You can file this one under strange economic relationships. As you may know, Americans have indeed been getting more obese over the last couple of decades, with increased consumption of fast foods contributing to that enlargement. During most of that period, the inflation-adjusted federal minimum wage had been falling. A recent study by the researchers [...]