Rudy in Wonderland
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.
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.
All talk of disproportionate wealth gains belongs in the dustbin of history.
The shoe industry is under regulatory attack, adding to the list of businesses punished for exercising the freedom to make contracts and compete in a market economy.
The idea of American freedom does not date from the late 1780s; the Constitution was the culmination of generations of practical self-government.
Greenspan recently said he is not sure what the money supply is. But money is like any commodity: it has a supply and it can be counted.
OPEC is restricting production, but it's domestic taxes and regulations that keep gas and oil prices high.
We could have another on our hands if the bureaucrats get involved in regulating prices again.
The judge in the Microsoft case says the company is like Standard Oil earlier this century. He's right, for the wrong reasons.