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Monopoly and CompetitionPrices
Calculation and KnowledgeEntrepreneurshipInterventionismPrices
Global EconomyCalculation and KnowledgePrices
Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.
Booms and BustsThe FedMoney and BankingPrices
It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.
The FedMoney and BanksGold StandardPrices
The Federal Reserve and in particular fiat money ruins the incentive to save for a better future.
Floridians could end up facing unnecessary hardship, because its state government does not understand basic economics.
The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.