An Economy of One – September 6, 2017

Hour 1: DACA; Edward Conard, of AEI; STEM training in the US and how immigration can help Hour 2: Dr. Richard Ebeling on the Fed targeting inflation; Foundation for Economic Education website; Stanley Fischer announced his resignation from the Federal Reserve Featured image: Service members take the US oath of citizenship while serving in Germany.

The History of the World Economy: From alcohol for survival to caffeine for enlightenment and industry

Chelsea Follett, managing editor of HumanProgress.org, a project of the CATO Institute, explains the importance of both alcohol and caffeine to emerging cultures and developing societies. Nature created both to kill creatures much smaller than us — plants evolved caffeine to poison insect predators, and yeasts produce ethanol to destroy competing microbes. . . .…