A popular idea in finance theory is that the prices of financial assets fully reflect all available and relevant information and that adjustment to new information is virtually instantaneous.

Remington Arms, America’s oldest gun manufacturer, settled for $73 million in a wrongful-death suit filed by the families of several victims of the Sandy Hook shooting. Bushmaster, the company that actually manufactured the rifle used in the shooting, is owned by Remington Outdoor Company.

“I find a hundred thousand sorrows touching my heart, and there is a ringing in my ears, like an admonition eternal, an insistent call, ‘It must not be again! It must not be again!’” said a tearful President Warren G. Harding in May 1921, as 5,212 wooden caskets with the remains of American servicemen from France arrived on the docks in Hoboken, New Jersey.

The New York Times published on March 4 a hostile obituary notice of Gary North. Although the writer, Sam Roberts, mentions that North held a PhD in economic history from  UC Riverside, the entire stress of the article is on North’s religious views rather than his scholarly achievements. He published an article in the Journal of Political Economy, a feat most professional economists would envy. Mr.

People often believe that price gouging is so obviously immoral that making it illegal is the equivalent of criminalizing theft. In their minds, sellers who drastically hike their prices after a supply or demand shock are simply cruel capitalists taking advantage of poor consumers, who are practically forced to hand over their money.

The student of economics, of course, would sooner laud this practice than condemn it. After all, price changes are an important part of the market process because they help us economize scarce resources.

Inflation—defined herein as a widespread increase in the prices of widely purchased consumer goods—has gotten worse since 

Late last year, US secretary of state Anthony Blinken declared that “One country does not have the right to exert a sphere of influence. That notion should be relegated to the dustbin of history.”

His words were directed at Russia after Moscow increasingly made it clear that it considers Ukraine to be part of Russia’s “near abroad” and thus part of Russia’s sphere of influence.

Russian president Vladimir Putin’s invasion of Ukraine in the last week of February 2022 was the culmination of decades of transnational statist expansion.