Backdoor Price Controls
They don't tell you want price to set anymore, writes William Anderson. They tell you not to gouge.
They don't tell you want price to set anymore, writes William Anderson. They tell you not to gouge.
Those of us who appreciate liberty, voluntary exchange, and workers’ property rights to their own labor have long objected to the American organized labor movement. Since the 1930s, this movement has been defined by the AFL-CIO.
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.
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.