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August 28, 2025
the dual mandate
August 28, 2025
The Real Tariff Story

Looking at the what, where, and how much of tariff revenue, we csn see why Adam Smith and David Ricardo would have protested.

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July 18, 2025
traffic lights and Adam Smith's Laissez-faire
July 18, 2025
The Island With No Traffic Lights

Changing incentives for pedestrians and drivers, because the shared space concept eliminates traffic lights, we behave differently.

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June 26, 2023
traffic signal
June 26, 2023
A New Kind of Traffic Signal

Including Nantucket and the Netherlands, the places that replaced traffic signals with "shared space" had surprising results.

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July 6, 2022
traffic lights and Adam Smith's Laissez-faire
July 6, 2022
What a Traffic Light Can Surprisingly Signal

Called laissez-faire, Adam Smith's prescription for less government in the economy relates to an island with no traffic lights.

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June 30, 2021
traffic lights and Adam Smith's Laissez-faire
June 30, 2021
When We Don’t Need Traffic Lights

Having […]

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June 24, 2019
traffic lights and Adam Smith's Laissez-faire
June 24, 2019
Why Did the Pedestrian Cross the Road?

In NYC and in Nantucket, Massachusetts, drivers respond to different incentives because Manhattan has traffic lights while Nantucket does not.

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March 19, 2019
Weekly Economic News Roundup and laissez-faire countries
March 19, 2019
A 2019 Update: The World’s Top and Bottom Laissez-Faire Countries

The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.

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July 16, 2018
traffic lights and Adam Smith's Laissez-faire
July 16, 2018
How Traffic Lights Relate to Adam Smith

When no traffic lights on the island of Nantucket has created good will among strangers, it also might show the limits of Adam Smith's laissez-faire.

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March 19, 2018
Adam Smith laissez-faire
March 19, 2018
A 2018 Update: The World’s Top and Bottom Laissez-Faire Countries

The Index of Economic Freedom is a handy source of data for judging whether or not a government has a laissez-faire philosophy.

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July 3, 2017
traffic lights and Adam Smith's Laissez-faire
July 3, 2017
Using Adam Smith to Cross the Road

Wondering why cars happily stop to let pedestrians cross the road on an island without traffic lights, we can find an answer from Adam Smith.

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March 12, 2017
Weekly Economic News Roundup and federal spending
March 12, 2017
The Decline of Laissez-Faire

Perhaps […]

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