Value and Exchange

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Benjamin Weingarten

Creating programs outside of the markets to try to support illiquid assets undermines the objective signals of markets in which value is measured by the market price.

Mark A. Pribonic

The consequences of inflation, higher taxes, and more regulation that result from government bailout plans, however, are sure to make losers of us all.

Art Carden Mike Hammock

The law of comparative advantage tells us that no matter how much more productive they are than the rest of us, even people who are very productive can be made better off by trading with people who are not.