Price gouging encourages competition by pressuring manufacturers and distributors to increase production, which over time, would actually drive down costs. Price controls during a time of crisis, however, do nothing to address the shortage problem.
Even Santa’s elves can’t repeal the laws of supply and demand.
The law of supply and demand is often misunderstood and misconstrued, and it has downstream effects for our understanding of economics. In this video, Learn Liberty Basics establishes supply and demand as ever-changing RELATIONSHIPS, not constants. We also lay out some of the early history of our idea of supply and demand. CHAPTERS 0:00 […]
There’s more to travel than the sticker price of different ways of getting from point A to point B.
Without young, healthy individuals buying insurance and thereby paying into the system, the government is finding itself saddled with the responsibility for supporting the healthcare of the older, sicker population.
The relative worth of a dollar is dependent on a range of factors that vary from state to state.
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 […]
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