Seattle mandated higher per-task pay for app drivers—but tips dropped, unpaid idle time rose, and drivers completed fewer jobs. Those offsets wiped out the gains, leaving monthly earnings unchanged. Price controls on wages do not work, explains Cato's Jeffrey Miron.

Washingtonians, don’t like the income tax? THEN MARK YOUR CALENDARS NOW. The new, unconstitutional income tax is on the ballot five times. That’s because there are FIVE spots up for election on the WA Supreme Court. 🔔Election Day: November 2nd 2026 🔔Primary election:

x.com/i/article/2041…

Money for enemies. Study money.

Today I asked 25 middle schoolers how much a $200 mountain bike is worth two years later. Their answers: $200, $120, and $100. All three were right. That is the difference between book value, market value, and agreed value. Today's FinLit with Mr. 401(k) lesson.

Today I asked 25 middle schoolers to guess the total cost of a $400,000 mortgage at 6% over 30 years. Most guessed around $500K or $600K. The real answer: $863,353. That is $463,353 in interest — almost the full price of the house, paid again. Today's FinLit lesson.

Gresham's Law shall be tested.

Brilliant