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Tag Archives: prices
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
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Incentives and the CPI
Note: This post is adapted from a comment I made on David’s latest blog. One of the most fundamental principles of economics is that people respond to incentives. This is a basic axiom that almost no one would dispute. From … Continue reading
Posted in General Theory
Tagged CPI, Economics, federal reserve, government benefits, incentives, inflation, prices, social security
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Dude, Where's My Freedom? 