Higher Costs Don’t Mean Higher Prices
Driving up costs for cocaine dealers has not led to a similar rise in street price. This is because prices are not based on the cost of production.
Free Markets
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How the Market Creates Jobs and How the Government Destroys Them
Instead of praising jobs for their own sake, we should ask why employment is so important.
Week in Review: February 18, 2017
The Fed has elected to keep kicking the can down the road.
Patrick Byrne: How Tech Can Thwart the State
Patrick Byrne discusses Austrian theory and the blockchain, and what it means for the eventual demise of government gatekeepers and middlemen.
A New Front in the War on Payday Lenders
Google joins forces with government regulators to rob low-income people of one of their few choices for quick and easy loans.
Week in Review: January 28 2017
As expected, the first week of the Trump administration has brought a mix of good and bad.
Free Trade versus “Free Trade”
To economists, free trade means absence of government interference with trade. To politicians, "free trade" means a complex set of managed policies.
Week in Review: January 21, 2017
America has a new president, but will the new boss be the same as the old boss?
Free Market Economics and Crony Capitalism
Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?
Good Economics Is “Bizarre” for Minimum Wage Supporters
What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.
