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Governments are set to make mask wearing mandatory in many places. Yet some companies are committed to limiting supply and charging monopoly prices thanks to government-created patents.
Bureaucracy and Regulation
Even if one strongly believes that IP laws are essential for creativity, it is difficult to justify the expansion of IP protections that have taken place in recent decades.
Global EconomyMoney and BanksMoney and Banking
Forget the IMF’s forecasts of Venezuela’s hyperinflation. They are a prime example of junk science.
Labor and Wages
Price controls, tariffs, and wage controls are politically attractive as such powers are to a ruling clique, but they make no sense economically.
Money and Banking
Let us see what happens under inflation, and why it happens.