Competition Law Assumes Bureaucrats Know the “Correct” Amount of Competition
It suffers from a problem that Friedrich Hayek calls a “pretence of knowledge.”
Category: ECONOMICS FOR BUSINESS
The Left Still Pines for Socialist War Planning
How unfortunate that we cannot go all the way back to the grandeur and glory of the World War II economy!
Why Interventionist Economists Love to Talk about Externalities
Review of ‘The Spirit of Green’ written by the fake economist and fake ‘Nobel’ prize winner William Nordhaus
Central Planning Produces the Opposite of ‘Social Order’
The more an economy is centrally planned, the less coordinated and more chaotic the exchange relationships.
Climate Change Contributes to Another Year of Record Crop Production in India
Welcome relief for the country’s poor and marginalised
Hyperinflation, Money Demand, and the Crack-Up Boom
In a hyperinflation, the demand for money collapses.