Tag: free market

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In A Free Market, No Profit Is “Excessive”

Profits are never normal. They appear only where there is a maladjustment, a divergence between actual production and production as it should be in order to utilize the available material and mental resources for the best possible satisfaction of the […]

What Did Venezuela Use Before Candles?

What Did Venezuela Use Before Candles?

What Did Venezuela Use Before Candles? by Daniel Bier, Foundation For Economic Education Electricity. Q: What did socialists use before candles? A: Electricity. It’s an old joke, but unfortunately, dark humor is the reality in Venezuela. The socialist regime of Hugo […]

Our Economy In Inherently Deflationary

Our Economy In Inherently Deflationary

Our Economy In Inherently Deflationary “Davidson” submits This is a difficult topic to tackle. The current belief is that either oil price rises or excess money supply create inflation. The former comes from the 1970’s OPEC price hikes and the […]