Tag: Law of Demand
This Valentine’s Day, the chocolate supply is in turmoil.
February 14, 2017 | Post
Learn how to drop the word “déblocage” into your romantic evening
What happens when you raise the minimum wage?
November 13, 2016 | Post
California’s minimum wage is set to rise to $15 an hour by 2022.
It’s time to face Obamacare’s problems
November 6, 2016 | Post
Obamacare is breaking down just as its critics predicted.
Tired of expensive football tickets? Blame yourself
October 10, 2016 | Post
Can you really blame universities for charging high prices for football tickets when so many people are willing to pay for them?
Defending Middlemen
September 27, 2016 | Post
Each consumer is free, on his or her own, to visit farms and factories and processing plants in order to purchase items directly from producers. But, of course, such visits would be enormously time consuming and would cost quite a lot in airfare and other travel expenses. We know that retailers and other middlemen perform valuable services because we observe consumers, everyday, voluntarily paying for these services.
Here’s Who I’m Blaming for Hamilton’s Exorbitant Ticket Prices
August 16, 2016 | Post
The law of demand still applies even to overrated musicals.
Candidates Divided on the One Issue That Is Ruining Millions of Young Lives
June 30, 2016 | Post
Hundreds of thousands of college students graduated last month, and for many, their biggest concern is how to pay off their college debt. Americans currently hold $1.3 trillion in student debt—even more than they hold in credit card debt—and its preventing them from making investments, buying homes, and successfully meeting their financial obligations. That’s a […]
We Can Never Run Out of Anything
February 5, 2016 | Post
Somewhere along about 2005 I started hearing about “Peak _____,” where the blank is some resource such as oil, water, food, and so on. The pique about “Peak” was based on the notion that “we” (and I’m not sure what that means) had reached the point of maximum production, and that the future was a […]