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Tag Archives: market
LASIK Technology and Interventionism
If we had a free market in health care, instead of spending $4,000 on lasik, it might have only cost me in the hundreds. Continue reading
Advocates of Reason: 16 August 2010
Some links, and commentary on those links. Continue reading
Posted in Links
Tagged apocalypse, Capitalism, Cowen, free, Higgs, Hyperinflation, Kling, market, parking, Schumpeter, wenzel
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Consistency on Unemployment
Full employment is inconsistent with the Austrian rejection of long-run equilibrium models. Continue reading
Posted in Theory
Tagged Austrian, equilibrium, labor, long, market, neoclassical, run, Unemployment
12 Comments
Leviathan Contra Leviathan
The New York Times argues that it was only thanks to government that slavery was abolished. Let’s remember that slavery was a government institution. Continue reading
Price as a Rationing Device
Price gouging is a service to the needy consumer, not an economic evil. Continue reading
Posted in Miscellaneous
Tagged controls, coordination, distribution, free, gouging, market, price, rationing
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Inside Trading is Helpful, Not Harmful
Inside trading is useful to investors, as it is a fast way of revealing the true value of a company’s stock. Continue reading
Posted in Theory
Tagged accuracy, inside, market, mechanism, price, stock, trading, volatility
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Stiglitz Does it Again!
I read my first book by Joseph Stiglitz last semester. I read Making Globalization Work. I will admit that it is absolute junk, and absolutely horrible to read, but since then I have become addicted to his writing. It just … Continue reading
Roosevelt’s Recession of 1937
Roosevelt’s Recession of 1937, which saw the unraveling of supposed economic growth in the prior years, is oftentimes used as an historical example of what occurs when government decreases spending levels or the central bank fails to continue credit expansion. The use of this event to exemplify these things is disingenuous. More accurate lessons can be drawn, which show that only the market can fix itself. Continue reading
Haiti: Two Hundred Tragic Years
Haiti, in the long-term, needs a government which supports the free-market, property rights and entrepreneurship. In other words, Haiti needs to move towards liberty and laissez-faire, otherwise it will remain susceptible to continued tragedies. Continue reading
Posted in Current Events
Tagged earthquake, entrepreneuship, free, Government, Haiti, Investment, market, prosperity, tyranny, Wealth
4 Comments
Solutions that Hold Water
Only the free market, through its unfettered price mechanism, can distribute resources without creating a shortage. This goes for water as it does for any other scarce commodity. Continue reading →