News & Reviews

In Defense of "Eclipse Glasses" Price Gougers

As solar eclipse mania wanes this afternoon, consumers who diligently shielded their eyes can refocus on a stark lesson in economics. Top vendors of solar eclipse safety glasses had been selling ten-packs for as little as $4 a month ago, but today commanded as much as $150 for the identical product. Inevitably, grumblingaccusations of “price gouging” arise from the economically uninitiated, who claim vendors are extorting unreasonably high payments by exploiting unusual market...

How Much Would Louise Linton’s Controversial Outfit Cost, Anyway?

In a swiftly deleted, and then instantly legendary, Instagram posted on Monday, Louise Linton, wife of Treasury Secretary Steve Mnuchin, took the opportunity to hashtag every designer she wore on a flight to Kentucky . . . and then defend herself, and her tax bracket, in a furious response to a commenter. The fallout from the post, and how it reflects on the Trump administration, is in full swing. But one question remains unanswered: exactly how much does an outfit like that run you?A rough...

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