Game Theory
Do Big Data and AI Solve the Socialist Calculation Problem?
Central Banking and Inflation
An Austrian Analysis of Covid Vaccines
Life in the Fast Lane
Regulation in the Free Market: It’s Not What Most People Believe
When the idea of a totally free market is floated in economic discussion, a widely accepted critique of such an idea is often related to the issue of how goods and services could be guaranteed safe for consumption. After all, without a government sending inspectors and decreeing standards of safety for products, it is often assumed companies, in their everlasting quest for profits without mercy, would have no incentive against selling whatever brings in the most cash.
Private Corporations Don’t Cause Price Inflation. Governments Do.
Interventionists always blame inflation on everything and anything except the only thing that makes aggregate prices rise: Issuing more units of currency than the real demand. Seller inflation is the same excuse and fallacy as cost-push inflation. A way to confuse citizens and assign causation to something that cannot make aggregate prices rise.