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Tag Archives: Free Markets
Subjective Value And “Fair” Wages
Tom Woods has written some excellent posts on recent protests by fast-food workers here and here. He covers a lot of ground in these, but I just wanted to elaborate on one particular issue that stood out to me. Question: … Continue reading
Posted in General Theory
Tagged Economics, fair wage, Free Markets, minimum wage, prices, subjective value
2 Comments
Elections: A Very Poor Substitute For Markets
While debating the merits of my last post, I received plenty of objections, most of which were from people who were just missing the point entirely and therefore not worth responding to. But I also received one objection that I … Continue reading
Posted in General Theory
Tagged allocation, austrian economics, Economics, Elections, Free Markets, government, society, voting
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In Defense Of PowerPoint
This one’s off-topic in the sense that it’s non-political. Consider it a celebration of something that was created due to free markets and the division of labor, a la Jeffrey Tucker. I’d like to take a moment to stick up … Continue reading
Posted in General Theory
Tagged division of labor, Free Markets, jeffrey tucker, powerpoint, software
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Soda: The Hard Way
It seems that in recent weeks, the news is full of items that appear to be great victories for lovers of freedom. I previously discussed why Eric Holder’s letter to Rand Paul stating that the President does not have the … Continue reading
Posted in News Commentary
Tagged bloomberg, easy vs hard, Free Markets, Michael Bloomberg, nanny state, obesity, rand paul, regulation, self ownership, soda
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The Free Market Triumphs Over Crabs
Brazilian Bikini Waxes Make Crab Lice Endangered Species :: Bloomberg Human progress continues unabated! It would seem that we are now close to eradicating pubic lice – a parasite that has plagued humanity for centuries. It’s really an amazing achievement … Continue reading
Posted in News Commentary
Tagged bikini wax, crabs, Free Markets, health, health care, lice, progress, welfare
1 Comment
ESPN President: We Know What’s Best For Our Viewers
Enough: ESPN exec wants less Tim Tebow coverage One thing I’ve always enjoyed is applying the lessons of free markets to stories that might not be considered political, philosophical, or economic at all. This story, at first glance, … Continue reading
Posted in News Commentary
Tagged central planners, Economics, ESPN, Free Markets, media, sports, Tim Tebow
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Division of Labor Roundup
Today, I bring you two excellent articles, both published on the Laissez-Faire Books website, extolling the virtues of the free market in general, and the benefits of the division of labor in particular. The Market for Squirrel Catchers In this … Continue reading
Posted in Blog Link
Tagged Bob Murphy, bureaucracy, Free Markets, hostess, jeffrey tucker, LFB, squirrels, twinkies
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Labor Markets Aren’t Special
The laws of economics are universal. They apply to all markets, everywhere, at all times. At times, governments or other hostile forces may restrict certain markets in particular ways to cause them to be unique, but the general laws still … Continue reading
Posted in General Theory
Tagged Economics, Free Markets, labor markets, minimum wage, outsourcing, price controls, supply and demand, unemployment
3 Comments
Bloomberg’s Economic Fallacy
The Conservative media has been completely up in arms over Michael Bloomberg’s latest nanny state attempt to stomp on free markets and your natural right to free trade. This proposed legislation is obviously an example of tyrannical, out of control … Continue reading
Posted in News Link
Tagged austrian economics, Economics, Free Markets, Michael Bloomberg, nanny state, new york, soda
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Donald Sterling Proves Me Right
Originally, my plan was to completely ignore the Donald Sterling fiasco. I considered this to be another non-story, hyped up by a bunch of sports “journalists” envious of their friends who work in “real” news. To me, “old man continues … Continue reading →