Prices

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

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

Recorded at the Mises University 2016.

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

An "I voted" sticker is no substitute for a simple receipt.

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

The way that government collects taxes is awful. The process of spending it is even worse.

Decades of government mismanagement has wreaked havoc on the Apalachicola oyster industry.

Synthetic marijuana is more dangerous and unpredictable than the ordinary kind. It exists because the Drug War has made cheaper, more potent drugs more profitable. And on a black market, safety is not the seller's chief concern.

Thanks to government loans, the price of college has skyrocketed in recent years because student loans mean colleges can raise their prices without driving away otherwise-price-sensitive students. Only a fraction of the hefty price hikes go toward classroom instruction or core educational functions.