Silicon Valley's Embrace of Multi-Level Marketing
In a culture that increasingly valorizes start-ups and social entrepreneurship, and an economy that keeps ordinary people always on the lookout for the next gig, it makes sense that multi-level marketing firms have found a warm reception. But how different are they from their predecessors—and how are they the same?
The Quest to Improve America's Financial Literacy Is a Failure
Financial literacy promotion may sound perfectly sensible—who wouldn’t want to teach children and adults the secrets of managing money?—but in the face of recent research it looks increasingly like a faith-based initiative.
How a Blogger Made Expanding Social Security a Respectable Idea
Thanks to decades of stagnant wages and the Great Recession, more than half of American working-class households are at risk of being unable to sustain their standard of living past retirement. Duncan Black is trying to change that.
Economics Column: The Case of the (Still) Missing Jobs
The good news: Economists are starting to come up with some decent theories as to why this recovery is so bad at generating employment. Now here's the bad news.
Building a Legal Marijuana Industry From the Ground Up
Washington's Initiative 502 legalized pot across the state, but provided only a few guidelines for how to produce, process, and retail the drug. What regulations will lawmakers put in place—and will they convince black market users to switch to a new, regulated industry?
Why Focusing on Exports Doesn't Make Economic Sense
Promoting exports as a means to rebuild America’s middle class is a lovely vision, but the U.S. needs to do more than that to improve business.
The Energy Debate We Aren't Having
The energy boom has the nation mired in chatter about a burgeoning job market, or panicked over certain environmental destruction. Instead, we should be asking: To whom will go the spoils of this bonanza, and on whose shoulders will the risks fall?