Prices

Displaying 1 - 10 of 496

Why "Greedflation" Isn't Real

PricesValue and Exchange

Blog11/14/2022

Contrary to myth, businesses can't just set prices at whatever level they want. "Greedy" capitalists can ask for higher prices, but prices mean little if people are unable or unwilling to pay them.

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Declining Prices Do Not Destroy Wealth; They Enable Its Creation

InflationGold StandardPrices

Blog11/08/2022

Falling prices ultimately lead to an increase in savings and to the creation of new wealth.

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What Do Supply and Demand Curves Really Tell Us? Not Very Much

PraxeologyPricesProduction Theory

Blog10/15/2022

It is easy to think of supply and demand curves as being key to economic analysis. In reality, they can't tell us much, and emphasizing them actually stands in the way of better understanding economic processes.

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A Critique of the Bitcoin Stock-to-Flow Model

BitcoinAustrian Economics OverviewPrices

While Bitcoin's S2F Model has come under some criticism, the best analysis of its flaws comes from perspective of Austrian Economics.

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Why I Love "Price Discrimination"

Free MarketsPrices

Blog08/30/2022

Mainstream economists say everyone should pay the same price for the same good. But that doesn't totally make sense.

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A Medical Revolt Is Coming

CapitalismEconomic FreedomInterventionismPricesValue and Exchange

Blog05/17/2022

The absence of market discipline in medicine cannot last. Governments and the medical cartel have successfully used fear to maintain control.  Fear has kept the masses from rising up. Until now. 

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Price Indexes Aren't Accurate Measures of Inflation

Central BanksThe FedInflationPrices

Blog05/03/2022

While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.

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Patents, Legal Monopolies, and the High Prices for Drugs

Bureaucracy and RegulationPrice ControlsPrices

Blog03/17/2022

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.

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The Cognitive Bias behind Anti–Price Gouging Laws

Bureaucracy and RegulationPrice ControlsPrices

Blog03/14/2022

People often react to sudden price changes by demanding that government "do something" to bring prices down. It is important to understand the mentality behind such beliefs.

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Modern Portfolio Theory: Economics without Praxeology

RationalismEntrepreneurshipPricesSubjectivism

Blog03/12/2022

Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics

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