Uber-Craziness

Will Wilkinson is quite right in stating that "[t]here’s something about Uber, the popular ride-sharing service, that brings out the nutty in people." And he is also quite right to mock those who call for "socializing" Uber. The complaints about surge-pricing automatically kicking in when Uber cars were in high demand during the hostage standoff in …

Your Non-Shocking News of the Day

Free market competition can lower prices and help consumers: In major cities throughout the United States, taxi medallion prices are tumbling as taxis face competition from car-service apps like Uber and Lyft. The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached …

Your Absolutely Non-Shocking News of the Day

Competition in the marketplace is a good thing! It’s like Uber, for economists. Simply click on the website of the Economic Experts panel hosted by the Initiative on Global Markets at the University of Chicago, and it will immediately summon an easily digested summary of the insights of mainstream economics into continuing political controversies. As …