Humanity's natural state is abject poverty. The truly interesting question is how did some portion of humanity escape this natural state? In a word: institutions. That's the conclusion reached in the brilliant new book, Why Nations Fail: The Origins of Power, Prosperity, and Poverty, by MIT economists Daron Acemoglu and James Robinson. Reason Science Correspondent Ronald Bailey notes that Acemoglu and Robinson have persuasively identified the cure, but also admit that no one knows how to get the ailing patients to take the medicine.
The FBI Returned This Innocent Couple's Safe Deposit Box. It Refuses To Give Back Many Others—and Is Trying To Seize $85 Million in Cash.
"It makes me feel like the government is preying on the vulnerable and the weak to line their own pockets."
Indiana Said the Government Should Be Able To Take Everything You Own if You Commit a Drug Crime. The State Supreme Court Wasn't Having It.
After eight years, Tyson Timbs finally gets to keep his Land Rover—once and for all.
Why is it so hard for him to just admit he was wrong?
Arkansas cops love this insane practice they call "precision immobilization technique"—slamming into moving vehicles, sometimes over simple traffic stops.