IN HIS NEW book on how to fix inequality, French economist Thomas Piketty may have gone a little too far with a call for a 90% wealth tax for billionaires and multimillionaires, but putting a tax on huge fortunes may well make sense. Bill Gates, the second richest man in the world, thinks so. His case makes it clear why governments should go for it.

“How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and...

WITH THE passing of Paul Volcker, a true public servant has departed. Mentor and role model to so many, Paul exhibited wisdom and longevity in equal measure. His contributions to central banking, and economic policy-making more generally, were truly extraordinary.

In baseball, a grand slam is a home run hit with all the bases loaded. That means that each base has a runner and that the single home run, the grand slam, scores four runs (points), in one fell swoop.

President Rodrigo Duterte has made it to the gallery of heads of government in 37 countries that the international press freedom watch organization Reporters Without Borders (RSF, Reporters Sans Frontières) regards as enemies of press freedom.

We live in a plastic world, no two ways about that. And, whatever we say or think of plastic and plastic products, an outright ban on production or sale is simply unrealistic at this point. I am sure alternative materials are in the works. Eventually, plastic will be replaced, much like how plastic replaced wood, metal, glass, and stone in a lot of applications. But plastic will not be leaving us anytime soon.

On Feb. 28, 2023, Senate Resolution 44 urged the Land Transportation Franchising and Regulatory Board (LTFRB) to postpone the planned phaseout of the traditional...

All is not well with the economy and I am compelled to sound the alarm on imminent risks.

On Jan. 20, 2025, Donald J. Trump was sworn in as the 47th President of the United States of America. “I do solemnly swear that...

“A contestable market is one into which entry is absolutely free, and exit is absolutely costless… Absolute freedom of exit is one way to guarantee freedom of entry, any firm can leave without impediment, and in the process of departure can recoup any costs incurred in the entry process. Their firms need not be small or numerous.” -- William Baumol, Presidential address at the 94^th meeting, American Economic Association, December 1981

A physicist, a chemist and an economist are stranded on an island, with nothing to eat. A can of soup washes ashore. The physicist says,...

THE house arrest of pandemic lockdowns seems to have thrown open the gambling switch in our brains.