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Bryan Caplan asks a good question – good for considerations of both policy and academic research [2]. And it’s a question that reminds us yet again that contracts – including employment contracts – are made along multiple margins, only some of which are formalized or explicit.
Wisdom – here in the form of sound economics – from Tyler Cowen on immigration [3].
Rob Bradley celebrates the automobile, driving, and inexpensive (because abundant) carbon-based fuels [4]. Drive on!