What is “the market price?” For two people, a buyer and a seller of any products or service, the market price is that price that is mutually agreed upon in…
In my last Update, I pointed out that when trade is free, whether the value of imports exceeds the value of exports or the value of exports exceeds the…
One of the great myths bought into by much of the general public, politicians, and media pundits is that trade deficits are bad for the economy. The idea dates back…
It is now widely recognized that Obamacare’s insurance mandates are one of the many parts of that legislation contributing to the increasing costs of health insurance. These mandates abandon the…
After years of being ranked in the bottom half of states in key tax policy indexes published by the Tax Foundation, North Carolina has skyrocketed to among the best states…
Obamacare has failed. Almost all of its original promises have been broken. In 2009, President Obama promised that his signature Affordable Care Act (ACA) would lower health insurance costs, allow…
To agree with others is not a problem in any society; it is the right to disagree that is crucial. It is the institution of private property that protects and implements the…
During the period of apartheid in South Africa, all-white labor unions representing workers in the diamond mines were able to have put in place minimum wage laws for diamond mine…
John Maynard Keynes was the most influential economist of the 20th Century. His view, and the view of his followers, i.e., Keynesians — that recessions could be overcome and economies…
