Prices

Displaying 1 - 10 of 423

Fine Art's Resurgence Offers a Refuge for Investors

Financial MarketsPrices

A search for a refuge from modern fiat currencies has led many investors to the perceived safety of art by the Old Masters.

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Capitalism and Asymmetric Information

PricesValue and Exchange

Blog12/05/2017
It's capitalism and the competitive market that generate solutions to the knowledge problems of the society, including “informational asymmetry.”

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International Trade Under the Soviets: A Comedy of Errors

Protectionism and Free TradePrices

Blog11/06/2017
Economic calculation is impossible under socialism. This is as true with international trade as with domestic.

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The Story that Netflix’s Heroin(e) Fails to Cover

Legal SystemProtectionism and Free TradePrices

Blog10/07/2017
The state provides incentives to doctors to over-prescribe opioid painkillers. An addiction crisis has followed.

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Doesn't Mexico Have Building Codes?

PovertyPrices

Blog09/25/2017
Politicians can pass building code laws all day long, but those laws won't make it so people can afford higher quality, safer housing.

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There's Nothing Moral about Opposing "Price-Gouging"

The Police StatePricesValue and Exchange

Blog09/24/2017
Opponents of price gouging want to fine and imprison their neighbors for selling their own property at the "wrong" price.

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Slow Wage Growth Could Be Thanks to ‘Sticky Wages’

Labor and WagesU.S. HistoryPrices

Blog09/07/2017
Wages can be "sticky" even in the absence of government. But the biggest problems with wage rigidity are often the result of government intervention.

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3 Good Things about "Price Gouging"

Bureaucracy and RegulationCalculation and KnowledgePrices

Blog09/06/2017
When sellers can price goods freely, we are all better able to plan and conserve for future use of essential goods.

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The Eclipse: How Markets Could Have Prevented the "Traffic Nightmare"

PricesValue and Exchange

Blog08/22/2017
After the eclipse, access to major roadways should have been priced according to highway capacity and demand.

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Why Government Has a Dangerous Obsession with Statistics

Big GovernmentCalculation and KnowledgePrices

Blog08/08/2017
In a free market, businesses have little need of economy-wide statistics. They are, however, desperately needed for any sort of government planning.

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