Who’s Afraid of the CPI!
Everybody worries about inflation these days. It’s chic. It’s trendy. And it gives me a great comeback to the boss at raise time.
Capital and Interest Theory
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7. Capital, Interest and the Structure of Production
All action takes time. Humans use time as a tool. Time preference ranking is now, not later, although time preferences will differ over time and for different people, like children who want things right now.
3. The Determination of Prices
What principles determine the formation of prices on the free market? The equilibrium price between supply and demand determines prices according to the value scales of sellers and buyers and their elastic or inelastic positions.
So Now It’s Core Core Inflation?
For the third month in the row, “core” consumer prices, which the Fed and accordingly also financial markets have decided to focus on (
Professor Knight and the ‘Period of Production’
From The Journal of Political Economy, Volume 43, Number 5, October 1935.
Markets are both competitive and cooperative, but never coercive
When people consider the question of how society should be organized, there is a tendency to portray issues in terms of false alternatives.
Aren’t Deficits Another Name for Saving? Nope.
Robert Murphy says that linking government deficits to private savings and growth is not merely inaccurate; it is exactly backwards.
