Fine Art’s Resurgence Offers a Refuge for Investors
A search for a refuge from modern fiat currencies has led many investors to the perceived safety of art by the Old Masters.
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Capitalism and Asymmetric Information
It's capitalism and the competitive market that generate solutions to the knowledge problems of the society, including “informational asymmetry.”
International Trade Under the Soviets: A Comedy of Errors
Economic calculation is impossible under socialism. This is as true with international trade as with domestic.
The Story that Netflix’s Heroin(e) Fails to Cover
The state provides incentives to doctors to over-prescribe opioid painkillers. An addiction crisis has followed.
Doesn’t Mexico Have Building Codes?
Politicians can pass building code laws all day long, but those laws won't make it so people can afford higher quality, safer housing.
There’s Nothing Moral about Opposing “Price-Gouging”
Opponents of price gouging want to fine and imprison their neighbors for selling their own property at the "wrong" price.
Slow Wage Growth Could Be Thanks to ‘Sticky Wages’
Wages can be "sticky" even in the absence of government. But the biggest problems with wage rigidity are often the result of government intervention.
3 Good Things about “Price Gouging”
When sellers can price goods freely, we are all better able to plan and conserve for future use of essential goods.
The Eclipse: How Markets Could Have Prevented the “Traffic Nightmare”
After the eclipse, access to major roadways should have been priced according to highway capacity and demand.
Why Government Has a Dangerous Obsession with Statistics
In a free market, businesses have little need of economy-wide statistics. They are, however, desperately needed for any sort of government planning.
