In a Free Market, No Profit is “Excessive”
Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.
Prices
Displaying 151 - 160 of 537
Japanese Consumers Not Afraid of Deflation
It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.
The Fed vs. Savings
The Federal Reserve and in particular fiat money ruins the incentive to save for a better future.
Hurricane: Florida AG to Prosecute “Price Gougers”
Floridians could end up facing unnecessary hardship, because its state government does not understand basic economics.
Spreadsheets Can Not Replace the Market Process
The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.
Price Controls Are Disastrous for Venezuela, and Everywhere Else
Many of Venezuela's woes stem from the Venezuelan state's reliance on price controls to enact its socialist goals. Famine has resulted.
Britain’s Minimum Wage Short-Changes Young Workers
In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.
The Market is True Democracy
An "I voted" sticker is no substitute for a simple receipt.
Stiglitz Is Wrong About Marginal Pricing
Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.
