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The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.
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Feb 23, 2026 / Joshua Mawhorter
Antebellum Federal Protections of Slavery
Unfortunately, slavery was not just propped up by policy in the slave states, but federally. It is often overlooked that the federal government—not just slave states—had implemented legal protections of slavery by policy for decades.
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Mar 18, 2026 / Will Porter
Trump Delays Meeting with China’s Xi
A planned meeting between President Donald Trump and his Chinese counterpart Xi Jinping will be delayed by “five or six weeks,” the US leader said. His trip to China’s capital was set to occur later this month, but was called off amid ongoing hostilities with Iran. Speaking to reporters on Tuesday, Trump said the much-anticipated […]
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Mar 6, 2026 / Tyler Durden
Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes
Iran's Financial Hub, The UAE, May Freeze Billions In Assets Over Retaliatory Strikes The United Arab Emirates is pissed after Iran targeted Dubai and other US allies with over 1,000 drones and missiles in retaliation for US-Israeli attacks over the last week - and is now weighing freezing billions of dollars in Iranian assets held in the Gulf state, according to the WSJ, citing people familiar with the discussions. If that happens, it could sever one of Tehran's most vital economic lifelines.  A black plume of smoke rises from a warehouse at the industrial area of Sharjah...
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