a shower that’s too long, prepare to be fined up to $500 per day . There Is No Market Price for Water The fact that the growers, who remain a powerful interest not economical to grow everything under the sun in the California desert. If markets were allowed to function, with real water prices and free trade, this would
into two opposing groups. In one of these groups, the members see free markets as tending to fail relative to formal theoretical conditions for optimality. an arrangement produced by pervasive government attempts to remedy perceived ‘market failures.’ Members of these two groups tend to favor different methodological
here they are (based on site traffic): Greece Illustrates 150 Years of Socialist Failure in Europe by Patrick Barron The War On Cash: Why Now? by Charles Hugh Smith Has Been a Success by Mark Thornton Central Banks and Our Dysfunctional Gold Markets by Marcia Christoff-Kurapovna It’s Not Just Debt: Government Spending and
from its early use under U.S. President Herbert Hoover, which turned the stock-market crash into the Great Depression, to the IMF ‘programs’ imposed on East Asia got into trouble, it was tried again.” In reality, those are all examples of the failure of higher tax rates, not government spending restraint. In 1931, Herbert
of us who understand and respect the superior productivity and fairness of free markets, the errors throughout Piketty’s Capital were so numerous and obvious that first systematic dissection and demolition of The General Theory in 1959 ( The Failure of “the New Economics” ) Keynes’ macroeconomic errors had become the student or adult with an inquiring mind who wants to understand what divides free-market economists from the progressive political agenda, Problems with Piketty is a
makes perfect sense, of course, and also reflects the inherent democracy of the markets. Where larger numbers of people put more resources is where more goods and or thousands of consumers who with their purchases control the success and failure of firms? In a similar way, bandwidth varies for various ISP clients public will be essentially powerless because regulatory regimes diminish the market power of customers. Most of the interaction that FCC policymakers will have
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.