Prices

Displaying 1 - 10 of 500

Four Charts That Show Cantillon Effects

CantillonMonetary TheoryMoney SupplyPrices

Blog02/01/2024

Richard Cantillon, whom Austrians consider to be the real father of modern economics, noted that new money creation has uneven effects. Jonathan Newman demonstrates how those effects take place.

Read More

The Worse-than-Medieval Economics of Climate Technocrats

The EnvironmentPhilosophy and MethodologyPricesProduction Theory

Blog11/16/2023

Mainstream economists turned climate warriors use cost-of-production methods to determine the “true” social cost of carbon. They appeal to a discredited methodology falsely attributed to medieval Scholastics.

Read More

The Market Process Is Not a Knowledge Problem

HayekCalculation and KnowledgePricesProduction Theory

Blog06/05/2023

While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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. 

Read More

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.

Read More