Free Markets

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Frank Shostak

Ask most people why our economy is advanced, and they will likely will answer, “Technology.” Yet, technical knowledge is meaningless without capital development, and capital development is impossible without real savings.

David Brady, Jr.

Many proponents of free markets have tried to cast aside the name “capitalism” as a descriptor of the market system. They should take caution before doing so.

Andreas Granath

Both economists and laypeople carelessly refer to interest rates as the "price" of money. As Austrian economists have pointed out, however, interest is what people are willing to pay to control resources at the present time instead of waiting until later, time preference.

Raushan Gross

There is an attack on the customer by its anti-market enemies.

Frank Shostak

The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it.

Bill Peacock

Texas politicians have decided their political "wisdom" can replace a market pricing system in production and distribution of electricity. Failure looms.

Wanjiru Njoya

The late Walter Williams was a clear thinker when it came to issues of race and economics. While some socio-economic differences in society can be attributed to racism in society, most of it cannot, and Williams was not shy in pointing out that fact.