Mises Wire
Author:
Hal Snarr
Online Publish Date:
entrepreneurs who see a potential entry point. If entrepreneurs are free to innovate and profit from their efforts, they will jump into this market. A prime rate. Progressive income taxation punishes those who are most productive and innovative. Low interest rates and corporate subsidies extend the lives of output that is lower than what would have prevailed in their absence. These policies thus create an artificial scarcity that pushes prices upward. As mentioned