Thanks to easy credit, automobiles have become very complex and luxurious, and brimming with safety features. The cost of producing these cars, however, won't keep prices from falling once the bubble bursts.
Lego has finally managed to attract girls to their products with the Lego Friends line. In response, feminists have denounced the line for being too "girly." But Lego is just responding to market demand and what Mises called consumer sovereignty.
On the southern side of the border, Mexican gun control leads to some of the worst homicide rates on earth. Meanwhile, just north of the border, local communities have some of the lowest homicide rates in the world.
For some people, there's nothing that can’t be improved by a big dose of government regulation. Now, even the virtual economies of video games are being targeted as the next frontier in labor laws, price controls, and more.
The "true money supply" measure is a measure of the money supply pioneered by Murray Rothbard and Joseph Salerno and is designed to provide a better measure than M2.
For some economists, the fact that entrepreneurs make cinnamon rolls instead of selling only celery sticks is a “market failure.” These economists have appointed themselves the arbiters of what is “best” for people, and therefore, what should be sold in the marketplace.
When this state of all-round control of business is attained, there can no longer be any question of a market economy. This is no longer capitalism; it is all-round planning by the government, it is socialism.
As the debate over federal lands continues, those who are jockeying over who controls the land often assume that their own preferred use of the land is the "correct" use of the land.
