Prices

Prices are by definition determined by peoples' buying and selling or abstention from buying and selling.

This week’s eWeek features an article Micros

There is no debate that inflation is always and everywhere a monetary phenomenon. With the Fed's policy of deliberately manufacturing inflation we are playing with fire.

Barter – direct exchange- is inefficient because of the lack of a double coincidence of wants. Some third medium was sought to solve this. It is called money. Exchanges are not equal, they are win-win, with each party gaining more than he is giving or the exchange would not be made.

Factors of Production are economic goods: scarce means used to achieve an individual’s ends. They are land, labor and capital. Each is examined. Incomes are earned by factor owners as production takes place. There is no separated production and distribution.

What principles determine the formation of prices on the free market? The equilibrium price between supply and demand determines prices according to the value scales of sellers and buyers and their elastic or inelastic positions.

Government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories.

The Washington Post reports that the Ho

What the UAW has done, on the foundation of coercive, interventionist labor legislation, is bring a once-great company to its knees.

The New York Times ran a just-the-facts story