In the wake of Middle East wars and other political disturbances, oil prices have skyrocketed. Governments have intervened to try to lower gas prices, and, in the process, have made things worse. Even in emergencies, we need free markets to work.
While the American Revolution led to the creation of the United States, it had one sorry legacy: the proliferation of paper money. That scourge still is with us.
Without established exchange-ratios between a currency and goods, a fiat-token cannot meaningfully serve as a unit of account because it has no referent. The only way a state could meaningfully ground such a fiat-token by political decree would be through comprehensive price controls.
Without established exchange-ratios between a currency and goods, a fiat-token cannot meaningfully serve as a unit of account because it has no referent. The only way a state could meaningfully ground such a fiat-token by political decree would be through comprehensive price controls.
World Cup tickets are a hot commodity with prices through the roof. Naturally, governments want to do what governments always do unsuccessfully: levy price controls.
World Cup tickets are a hot commodity with prices through the roof. Naturally, governments want to do what governments always do unsuccessfully: levy price controls.
Mises’s focused analysis of price controls: why fixing prices produces shortages and demands for still more controls, and what that reveals for the theory of social organization as a whole.
The central essay: interventionism as a supposed economic system, the real nature of intervention, and how price ceilings, minimum wages, and similar measures defeat their own aims—leaving only a choice between the free market and socialism.
In making threats against oil companies for "price gouging," President Trump shows he knows no more about prices than he does about the real effects of tariffs.
Chris Calton links California's housing crisis to three books published in the 1960s that spawned three ideological movements, each of which handed activists and bureaucrats new tools to block development and destroy private property rights one permit hearing at a time.
