Sreevathsa Karanam

Articles

How the Cartels Ensure Diamonds Last Forever

01/17/2011 Mises Daily Sreevathsa Karanam

Any diamond that enters the market must be certified by the WDC; those that aren’t are considered conflict diamonds, and the individuals involved are prosecuted. Regulatory authority is used to control the global supply and price.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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