Prices

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How the Global Drug War Pushed Down Heroin Prices

Legal SystemWorld HistoryPrices

Blog03/23/2017
As the Drug War attacked heroin production in one place, it encouraged increases in heroin production in other places, pushing down global prices.
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NFL Free Agency and the Market Process

Free MarketsEntrepreneurshipPrices

Blog03/09/2017
Any serious analysis of the NFL is incomplete without a sound understanding of basic economics.
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Higher Costs Don’t Mean Higher Prices

Free MarketsInterventionismPrices

Blog03/07/2017
Driving up costs for cocaine dealers has not led to a similar rise in street price. This is because prices are not based on the cost of production.
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Consumers — not Uber's CEO — Are Responsible for Uber Drivers' Falling Income

Monopoly and CompetitionPrices

Blog03/01/2017
If Uber drivers think fares are too low, they should complain to consumers, and not to Uber's management.
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How Governments Destroy Consumer Sovereignty

Calculation and KnowledgeEntrepreneurshipInterventionismPrices

Blog02/07/2017
The entrepreneur's job is to shape his whole enterprise around consumer wants. Unfortunately, governments often get in the way.
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Will "Big Data" Make a Centrally Planned Economy Possible?

Global EconomyCalculation and KnowledgePrices

Blog02/01/2017
Statistical data about past purchases is not the same thing as market prices. And prices are what make a functioning economy possible.
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In a Free Market, No Profit is "Excessive"

The EntrepreneurPrices

Blog01/16/2017

Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.

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Japanese Consumers Not Afraid of Deflation

Booms and BustsThe FedMoney and BankingPrices

Blog10/10/2016

It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.

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The Fed vs. Savings

The FedMoney and BanksGold StandardPrices

Blog09/06/2016

The Federal Reserve and in particular fiat money ruins the incentive to save for a better future.

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Hurricane: Florida AG to Prosecute "Price Gougers"

Big GovernmentPrices

Blog09/01/2016

Floridians could end up facing unnecessary hardship, because its state government does not understand basic economics.

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