The Meaning of ‘Over-Valued’
A stock price is not an objective rendering of value, but merely an opinion about the present and future worth of a company--and opinions can be wrong.
A stock price is not an objective rendering of value, but merely an opinion about the present and future worth of a company--and opinions can be wrong.
Those glitches serve a market function: consumers prefer advanced technology to perfect technology.
The attempt by government to collect information on citizens has a long and troubled history. The lesson is that power, once granted, will always be abused.
He talks like an old Keynesian but has early intellectual ties to the Austrian School, once calling the Fed's creation "a historic disaster."
In a fine case study of interventionism, regulators finally give in and reversed their previous mandates that led to an environmental mess.
The census is intrusive by nature, but the Clinton administration's version is brazenly pro-welfare, outrageously invasive, and costly even for states that supposedly benefit from its results.
Mises.org is developing, week by week, particularly in its library resources for students and scholars.
In a display of amazing ignorance or brazen political grandstanding, he strode up to a gas station and berated the owner for charging too high a price.
Higher prices have unleashed a torrent of economic fallacy, from boycotts on gas stations to agitations for price controls. Paul Cwik responds.
The oil price, the stock market, the yield curve, and other factors suggest the boom may be fading. But several quick steps to free markets would shorten the pain.