People buy less of something when it becomes more expensive. That’s what economists call the law of demand. It is one of the key drivers of every facet of human behavior. And it’s a simple concept. Easy to understand. Easy to apply.
Or maybe it only seems that way. 366 members of Congress just voted to attract tourists to the U.S. by taxing them $10 when they enter the country. Seriously.
The noise you hear may well be Adam Smith rolling over in…
Want to fly a plane? The FAA just published 72 pages worth of changes to its already extensive certification rules. 173 changes in all.
Don’t forget to list your current residential address when applying for a knowledge test.
A few weeks ago, I wrote about the new passport requirements implemented at the U.S.-Canada border. As I noted at the time, most Americans–including two former presidents–were unaware of this change in policy, which will increase the travel costs by $500 for the average American family.
Now the Obama administration is imposing new restrictions on civilian aviation, requiring private pilots to reveal detailed personal information about their passengers and to seek government permission to leave the country, a first in American history.…
|
|
 |
 
 
|
Loading ...