Fantastic column from Dr. Horwitz. “Who Gets What” Is Only Half the Problem – The Future of Freedom Foundation: But whatever the advantages and disadvantages of non-price allocation systems, they all have one enormous defect: the way goods are allocated…
Tag Archive for Markets
Dr. Munger on Prices and Information
by admin • • Comments Off
Another fantastic video from Dr. Munger of Duke Univ. Prof. Munger is a frequent EconTalk guest, the interviews and discussions are highly-recommended. Infirmative and entertaining. As an aside, I get annoyed when I see posts on Facebook, Twitter, etc. explaining how…
Sandy, Economics, & Price Gouging – Questions
by admin • • Comments Off
Dr. Horwitz asks a fantastic question. And great additional links below worth checking out. If you get a chance listen to this interview, Munger on Price Gouging, it’s absolutely spot-on. [UPDATE: 11.05.12 8:30pm: Ever get the feeling that they’ll simply…
Tucker On the Miracle Of Markets – Vegas Edition
by admin • • Comments Off
A wonderful read from Mr. Jeffrey Tucker. He explains how markets work, how the customer is king in a free market. And most importantly of all, how we take it all for granted. The Miracle at Mon Ami Gabi –…
Is The Prevalence Of Organic Foods A Market Failure?
by admin • • Comments Off
Insightful post from Bryan Caplan. Definitely read the entire post, it’s not long. Market Failure: The Case of Organic Food, Bryan Caplan – EconLog: Right-leaning people typically believe that (a) markets work, and (b) organic food is a scam. I…
Yup, They Really Said It: Sen. Olympia Snowe on Competition
by admin • • 2 Comments
Be clear, the Democrats do not by any means have a monopoly (a little “competition” pun there ) on ignorant statements. Recent smartphone apps (like RedLaser) allow people to scan a barcode, right in a retail store, and quickly see…
Bank of America Fee Retraction Shows That Markets Work
by admin • • 1 Comment
The consumer is king. Bank of America fee retraction shows effect of consumer rage – USATODAY.com: “Consumer rage in an electronic age has corporate titans doing something few have so willingly done before: back-pedaling. When Bank of America announced Tuesday…
The Beauty of Credit Checks
by admin • • Comments Off
Fantastic column from Jeffrey Tucker. The free-market working. In Praise of Credit Checks – Jeffrey A. Tucker : But as we reach adulthood, we begin to realize that something like the “permanent record” does exist. It is called the credit…
Markets In Everything: Japanese Watermelon
by admin • • Comments Off
Mmmm. (pic: Sapporo Central Wholesale Market) Densuke Watermelon, A Bargain at $4,000? – Scene Asia – WSJ: “A prized Japanese watermelon fetched nearly $4,000 on Monday at an auction in Sapporo. Yes, $4,000. But before you choke on your own…
Markets In Everything: Austrian Mountains
by admin • • 1 Comment
Kinda cool. If I bought it could see opening a watch atelier and brewery there. (AFP/File, Christof Stache) AFP: Two mountain peaks going cheap in Austria: “VIENNA — Are you the outdoors type, a die-hard hill walker with cash to…