Prices

Ultimately, the power of the Austrian Theory of the business cycle is not whether some economists of the Austrian School rolled the dice on some day trades and made money, writes William Anderson.

The newest argument against Wal-Mart is that it is failing to follow the Ford Motor Co. example of increasing wages so that employees can afford the products they are producing.

Robert Murphy concedes that it is theoretically possible that an expanded global marketplace could make one country less wealthy on net. However, there are other considerations.

Most everyone assumes that capital exploits labor, writes Vlad Menshikov. But this point of view is completely wrong. 

Price stability is a misleading and an inherently contradictory concept. When such a construct as the price index becomes the guiding post for central banks, they will tend to produce and reinforce the very instabilities they proclaim to fight.

Well meaning or not, the boycott of Taco Bell by misguided activists, in the name of helping labor, is deeply ignorant and very destructive, writes Daniel D'Amico. 

Charles Tomlinson remembers when the environmental movement screamed that the world as we knew it was destined to doom because of the nasty chip mills, the clear cut destruction of the forests, and the pollution of our waters caused by tree cutting.

Dale Steinreich's June article about the centenary of the founding of the American Medical Association caused a tremendous uproar. Here is his answer to critics.

Market prices for water? Would that mean the end of some farms in California and elsewhere in the West? Yes, says William Anderson, that is exactly what that means. The government has engaged in egregiously wasteful policies in order to politically distribute water.

It is entirely within coffee-bean buyers' rights to pay any price, including an inflated price, writes Joesph Potts.