Subjectivism

Investors and real estate agents often tell people to “buy land, they’re not making any more!” But in truth, land is heterogeneous, and whether or not it increases in value depends on many factors that can transform nearly worthless land into valuable land.

We’re often told that some prices should be high, and some others should be low. But the real goal should not be high prices or low prices, but a price system that communicates what is valued in society.

In recent months, the cry of 'black power!' has been heard resounding in the land. As usual, both Conservatives and Liberals have reacted violently and on the wrong side, each for their different and characteristic reasons. The Conservatives, in their mindless racism, can only react in paranoid...