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 […]

The Fed: Soviet-Style Economic Propaganda?

The Fed: Soviet-Style Economic Propaganda?

The Fed: Soviet-Style Economic Propaganda? “That,” I tell the Russian economist, “is quote-of-the-day material.” We’re sitting in this small conference room in the center of Moscow, talking of opportunities in a misunderstood, wrongly despised economy, when the conversation turns to […]

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France Is “Pro-Business” In The Worst Possible Way

France Is “Pro-Business” In The Worst Possible Way by Donald J. Boudreaux, Foundation For Economic Education In popular discourse, America is said to be more “pro-business” than is France.  When people use this term “pro-business” they typically have in mind […]

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 […]

Market bubbles

The Market Doesn’t Solve Problems; People Do

The Market Doesn’t Solve Problems; People Do by Louis Rouanet, Mises Institute It is wrongly accepted by many liberals (i.e., libertarians) that most, if not all, social problems can be “solved by the market.” But clearly, the “market” cannot magically […]