Prices
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Government Save Us From “Overpriced” Chinese Food
If a customer consents to paying a certain price at the time of purchase, he cannot later claim that he was overcharged. The fact that he was charged the right amount is clear in the fact that he consented to the purchase in the first place.
Jim Grant: What the Fed Calls Deflation is Actually Progress
Jim Grant recently appeared on Yahoo Finance and criticized central bankers and economists who fear deflation.
Falling Oil Prices and the Fallout
What does a fall in oil prices mean for our boom - and bubble-based economy?
Getting Interest Rates Right (Is a Job For Markets)
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.
Shocking Health Care Expenditure Stats
Shocking health care expenditure: US vs. the rest of world.
Diversity in Goals Brings Diversity in Value
Every person has different goals for himself, which means everyone will value differently the means to attain those ends.
Diversity in Goals Brings Diversity in Value
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.
A Critique of Monetarist and Austrian Doctrines on the Utility and Value of Money
From The Review of Austrian Economics Vol. 1, No. 4, 1987.
