How Moral Panic Creates Black Markets

Nobel Prize-winning economist Alvin E. Roth discusses the moral limits of markets, how bans create black markets, and why harm reduction often works better than prohibition.

Johan Norberg discusses what makes societies prosperous, why protectionism and nostalgia keep returning, and how populism feeds cultural decline.

Jacob Mchangama and Jeff Kosseff discuss the global decline of free speech, why democracies are embracing censorship, and what can be done to protect open debate.

Sen. John Fetterman discusses the state of the Democratic Party, immigration, foreign policy, and the dangers of political extremism.

The Supreme Court justice discusses the Declaration of Independence, how unchecked power threatens liberty, and what the Founders can teach future generations.

Andy Serkis discusses the corrupting nature of power, what Animal Farm says about modern authoritarianism, and whether technology expands or diminishes human creativity.

Economist Jennifer Doleac discusses why long sentences don’t reduce crime, how first-time defendants benefit from leniency, and why clearance rates are key to crime reduction.

Afroman discusses his free speech court victory, why he thinks he could unite America, and whether he feels pressure to always be high.

Emma Ashford discusses Trump’s incoherent Iran strategy, the failures of post–Cold War foreign policy, and why a multipolar world limits American power.

Jacob Siegel discusses how the internet reshaped political power, the rise of technocratic rule, and why information control keeps failing.