Tehran / AFP Iran’s intelligence minister said on Tuesday that a British-Iranian member of its nuclear negotiating team had been cleared of spying allegations, state media reported. Abdolrasoul Dorri Esfahani, part of the team that secured a nuclear accord with world powers last year, was arrested in August and described by a judiciary spokesman as an “infiltrating spy”. But in …

Economies need competition to work. Almost all basic economic theories, including supply and demand itself, rely on the assumption that companies lower prices to undercut the competition whenever possible. If sellers can set whatever prices they like, that’s a monopoly. And as any good Econ 101 class will teach you, monopolies hold production below its economically efficient level, in order …

  Change can sneak up on lawmakers and judges, rendering old laws obsolete. Often, that’s harmless. (When was the last time you ran afoul of Reno’s ban on benches in streets or Wyoming’s prohibition on fishing with firearms?) But sometimes, laws that once served a good purpose can get in the way of progress. That’s what’s going on now in …