And it would do little to address global warming.
Richard A. Epstein is a professor at the New York University School of Law, a senior fellow at the Hoover Institution and a distinguished service professor of law emeritus and senior lecturer at the University of Chicago. His Review-Journal column appears monthly.
As Neil Armstrong reported, the Eagle had indeed landed on the moon, with one small step for man and one large leap for mankind. Here are two takeaways from this brief personal anecdote.
Consumer expenditures—the amount spent by households on goods and services—account for 68 percent of our country’s gross domestic product. Consumers spent $14.5 trillion in the second quarter of 2019, the highest level ever reported. Not only are we spending more than at any point in history, we are also spending differently. Consumers spend about […]