Prices

William Anderson says that Hawaii's attempt to place a price control on the wholesale price of gas will lead shortages.

Index targeting is widely viewed as a state-of-the-art concept, writes Thorstein Polleit. But in Mises's view, the very idea of measuring price levels toward stabilization is theoretically untenable and politically dangerous.

Thousands show up for computer sale: People trampled

Recorded at Mises University 2005.

Recorded at Mises University 2004.

Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies. Both theories developed out of Menger’s original thoughts.

Blaming OPEC has been in political fashion for over three decades, writes Chris Westley.

People apparently are not supposed to fret that gas is relatively more expensive, writes Robert Murphy, because in an absolute sense, it is still cheaper than other commodities. Well, this leaves out a rather important fact.

On a recent visit to San Jose State University, I sat in on a Money & Banking lecture by Jeffrey Rogers Hummel.