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According to Wired Magazine, building a Toyota Prius consumes 113 million British Thermal Units (BTU), while a gallon of gas contains about 113,000 BTU. The 2008 Prius can go 48 miles per gallon (on highways).
A 1998 Toyota Tercel, on the other hand, does 35 mpg and, since it is used, the carbon cost of construction [...]

You may recall our post that quoted Hillary Clinton as saying she would not put her “lot in with economists.” Well, we all know how the campaign went for her.
Now it seems as though John McCain is not learning from other people’s mistakes. At a town hall meeting in Lower Manhattan, McCain said [...]

An article in Reason Magazine outlines a curious fact: this is poised to be the worst summer for employment since World War II. While we all know the credit crunch and economic woes that are going on, this article deals with Summer jobs for teenagers. These would be cheap alternatives to full time [...]

From a British point of view, but an excellent point nonetheless. The Adam Smith Institute reminds us how Switzerland has one of the highest GDP per capita in the world, one of the best health care systems and transportation systems, four different languages and 2 different religions, yet its inhabitants have had a peaceful, prosperous [...]

Ronald Bailey from Reason Magazine writes about the 2008 Copenhagen Consensus and highlights a speech by Kym Anderson from the University of Adelaide had to say about trade and migration.
An interesting comparison: Industrialized countries gave $104 Billion to developing countries in 2006. If trade were fully liberalized these developing countries would receive $86 Billion. Not [...]