[Video] The Myth of “Predatory Pricing”
“Predatory Pricing” only exists in textbooks. There are NO real world examples.
Category: LAW & ECONOMICS
Competition Law Assumes Bureaucrats Know the “Correct” Amount of Competition
It suffers from a problem that Friedrich Hayek calls a “pretence of knowledge.”
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
[Video] The Unseen Costs of Government’s ‘Life-Saving’ Policies | Thomas Sowell
Governments often enact draconian policies with the intended goal of ‘Saving Lives’. The most infamous of them was the mandatory Covid lockdowns, which plunged entire countries into effective house arrest.
Central Planning Produces the Opposite of ‘Social Order’
The more an economy is centrally planned, the less coordinated and more chaotic the exchange relationships.