Mises Daily Friday: Government Save Us From “Overpriced” Chinese Food
Mises Daily Friday: Government Save Us From "Overpriced" Chinese Food
Mises Daily Friday: Government Save Us From "Overpriced" Chinese Food
Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda. Regulation will lead to overuse of resources, shortages, and distorted markets.
What does a fall in oil prices mean for our boom - and bubble-based economy?
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.
Every person has different goals for himself, which means everyone will value differently the means to attain those ends.
From The Review of Austrian Economics Vol. 1, No. 4, 1987.
Below, Rothbard explains that one reason given in support of a government-regulated monetary system i