Prices and Persuasion
One of the main functions of a price is that it carries information. What information does a price transmit?
One of the main functions of a price is that it carries information. What information does a price transmit?
... that it’s not made in a log cabin. Log Cabin Syrup, that is.
The old statism (Progressivism, New Dealism, Stalinism) was all about forcing material progress on people even when the economic structures and peo