Prices

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Blog07/18/2007Jeffrey A. Tucker

The CPI release this month features its usual aggregation and concludes that prices are rising 5% per annum. But take a look at specifics. If your main thing is driving around and burning fossil fuels, your compounded annual rate of price...

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Gouging you and me

Legal SystemInterventionismPrices

Blog06/13/2007Gary Galles

In May, the House of Representatives passed a bill that could lead to fines as high as $3 million per day for gasoline price gouging, which it defined as charging a price that "grossly exceeds the average price offered for sale by that person during the 30 days prior" or "grossly exceeds the...

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Is the Stock Market Rising?

Financial MarketsPrices

Blog05/30/2007Robert Blumen

I rather like this chart from the New York Times showing the value of the S&P 500 Index in the dollar, three foreign currencies, gold, houses, oil and corn....

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Why High Gas Prices?

InterventionismPrices

Blog05/24/2007Jeffrey A. Tucker

I'm intrigued by this NYT explanation: "a surprising culprit: uncertainty created by the government's push to increase the supply of biofuels like ethanol in coming years. In his State of the Union address...

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Gas Station forced to raise prices

InterventionismPrices

Blog05/09/2007Jeffrey A. Tucker

Who says we don't have price control? "Gas station owner told to raise prices" (Thanks CJ)

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Who to Believe: Labor or the house spouse?

Austrian Economics OverviewInterventionismPrices

Blog03/18/2007Jim Fedako

According to the Associated Press, "The Labor Department reported Friday that the Consumer Price Index rose by 0.4 percent last month, double the January increase, as energy prices...

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The Greens Reduce Alcohol Consumption, Too?

Prices

Blog02/26/2007Antoin E. Murphy

My friend Pete tipped me off to this article, which explains that the growing popularity of biofuel production is driving up beer prices. Unfortunately, this "...

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All together now: price controls cause shortages!

InterventionismPrices

Blog02/22/2007Lisa Casanova

Zimbabwe is the latest nation to experiment with price controls as a method to make food affordable. It is an unspeakable tragedy that Zimbabwe's people should end...

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