Prices

Displaying 11 - 20 of 483

Decades of Productivity Gains Have Made Our Debt Bomb Manageable (For Now)

InflationPricesProduction Theory

Blog05/02/2020

Although the money supply has greatly increased, accompanying growth in production has made it possible to keep the current system of immense debt increase going for a long time.

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Three Reasons Why Politicians Must Leave Oil Markets Alone

Price ControlsInterventionismPrices

Blog04/20/2020

Efforts by US policymakers to boost crude prices and to throw a lifeline to high-cost US crude producers is the exact opposite of what prices are telling us the market needs at this time.

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The Use of Knowledge in Entrepreneurship

Calculation and KnowledgePrices

Blog03/25/2020

It is a marvel that imperfect, limited information available to the entrepreneur can be used to produce so much good for society. 

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Why We Need Free Markets To Fight Pandemics

Free MarketsHealthPrice ControlsPrices

Blog03/23/2020

What needs to be done in such a crisis is not to attempt to steer the market to ensure it provides what is needed, but to let it free to do what it always does: match the goals of entrepreneurial producers with the needs of the populace.

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Why "Social" Entrepreneurship Is No Substitute for "Market" Entrepreneurship

EntrepreneurshipPricesValue and Exchange

Blog03/14/2020

Market entrepreneurship is what generates net value in society, whereas social entrepreneurship is primarily the use of that value. 

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Some Problems with Worker Productivity Stats

Philosophy and MethodologyPrices

Blog02/18/2020

Government statistics on worker productivity combine many errors of aggregation such as "average prices" and the total purchasing power of money. So it's unlikely that productivity numbers tell us much that's useful.

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The Folly of Economic "Stabilization"

PricesValue and Exchange

Blog01/27/2020

Shortcomings in the government's handling of monetary matters, of credit expansion, and the disastrous consequences of lowering the rate of interest gave birth to the ideas which finally generated the slogan "stabilization."

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What We Really Mean When We Talk About Values and Prices in the Marketplace

PricesValue and Exchange

Blog01/24/2020

Values of goods are not static things that can be used for central planning. Values apply only to a particular transaction at a particular place and at a given time by human beings.

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Markets Rely on Accurate and Honest Information — But Governments Want the Opposite

PricesValue and Exchange

Blog10/03/2019

Market prices reveal critical information about sellers, buyers, and market demand. But government interference in markets substitutes a fake version of reality that leads to impoverishment.

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Why is the "Cost of Living" in Cities so High?

Labor and WagesU.S. EconomyPrices

Blog09/04/2019

More than half of the people in the world currently live in urban areas or cities, in spite of it being more expensive to do so. Why?

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