Germany's foray into green energy is turning out to be a disaster, but abandoning the green utopia is only the first state for that country. It is time to put common sense and sound economics at the forefront of German policy making.
The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.
Ryan McMaken and Zachary Yost discuss some of the strategic problems and historical oddities surrounding the relationships between the US, China, and Taiwan.
