Regulation Economics

First Lady Michelle Obama has heavily promoted healthier school lunches. This is the first regulation. Many schools (including our local high school) have signed up for this program. The school cafeteria now sells food that many students do not want to eat. Aha! An entrepreneurial opportunity. In this case the entrepreneurs are food trucks. These folks park on the street behind the high school (actually right next to the tennis courts). Students flock to them to pay for food they actually want to eat. Continue Reading →