The feds claim the chicken industry is trying to exploit the consumer. Yet several decades ago, chicken was more expensive than beef, but thanks to industry efforts, chicken is exceptionally affordable now.
Hoppe’s work is more important today than ever, given the penchant of modern bureaucratic states to war, intervene, tax, regulate, debase, and generally plunder the engines of peace and civilization.
In contrast to the classical cost (labor) theory of value, the so-called marginal revolution ushered in the modern, subjective theory, whereby market price is determined by the marginal utility of a good.
Japan's government is now addicted to easy money Abenomics. With Abe now gone, the next leader might tinker around with altered approaches, but it will be more of the same.
If you think that it up to people themselves to decide whom they wish to associate with, I am afraid that in Sandel's mind, you are an elitist guilty of hubris.
The foundational assumption behind the gun control narrative is that only government law enforcement agencies should have guns and that we should trust police to keep us "safe." That narrative is failing.
