Displaying 31 - 40 of 430

Will "Big Data" Make a Centrally Planned Economy Possible?

Global EconomyCalculation and KnowledgePrices

Statistical data about past purchases is not the same thing as market prices. And prices are what make a functioning economy possible.

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In a Free Market, No Profit is "Excessive"

The EntrepreneurPrices


Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.

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Japanese Consumers Not Afraid of Deflation

Booms and BustsThe FedMoney and BankingPrices


It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.

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The Fed vs. Savings

The FedMoney and BanksGold StandardPrices


The Federal Reserve and in particular fiat money ruins the incentive to save for a better future.

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Hurricane: Florida AG to Prosecute "Price Gougers"

Big GovernmentPrices


Floridians could end up facing unnecessary hardship, because its state government does not understand basic economics.

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Spreadsheets Can Not Replace the Market Process

Free MarketsInterventionismPrices


The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.

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Price Controls Are Disastrous for Venezuela, and Everywhere Else

Global EconomyInterventionismPrices


Many of Venezuela's woes stem from the Venezuelan state's reliance on price controls to enact its socialist goals. Famine has resulted.

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Britain's Minimum Wage Short-Changes Young Workers

Global EconomyCalculation and KnowledgePrices


In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.

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Stiglitz Is Wrong About Marginal Pricing



Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.

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