Prices

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Gouging you and me

Legal SystemInterventionismPrices

Blog06/13/2007

In May, the House of Representatives passed a bill that could lead to fines as high as $3 million per day for gasoline price gouging, which it defined as charging a price that "grossly exceeds the average price offered for sale by that person during the 30 days prior" or "...

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Is the Stock Market Rising?

Financial MarketsPrices

Blog05/30/2007

I rather like this chart from the New York Times showing the value of the S&P 500 Index in the dollar, three foreign currencies, gold, houses, oil and corn....

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Why High Gas Prices?

InterventionismPrices

Blog05/24/2007

I'm intrigued by this NYT explanation: "a surprising culprit: uncertainty created by the government's push to increase the supply of biofuels like ethanol in coming years. In his State of the...

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Who to Believe: Labor or the house spouse?

Austrian Economics OverviewInterventionismPrices

Blog03/18/2007

According to the Associated Press, "The Labor Department reported Friday that the Consumer Price Index rose by 0.4 percent last month, double the January increase, as energy...

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The Greens Reduce Alcohol Consumption, Too?

Prices

Blog02/26/2007

My friend Pete tipped me off to this article, which explains that the growing popularity of biofuel production is driving up beer prices. Unfortunately, this "...

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All together now: price controls cause shortages!

InterventionismPrices

Blog02/22/2007

Zimbabwe is the latest nation to experiment with price controls as a method to make food affordable. It is an unspeakable tragedy that Zimbabwe's people should...

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The dynamic of interventionism

InterventionismPrices

Blog01/19/2007

The U.S. subsidizes ethanol. Corn prices go up. The new prices hit Mexicans hard. The prez slaps on price controls and threatens speculators.

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Microsoft Accused of "Predatory Pricing" on Security

Legal SystemMonopoly and CompetitionPrices

Blog07/08/2006

This week's eWeek features an article Microsoft Security Pricing: Predatory or Correctional?.

The problem, it seems, is that MS has priced its security products "way below fair...

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"Price Gouging": Setting the Record Straight

Legal SystemInterventionismPrices

Blog05/07/2006

The Washington Post reports that the House of Representatives this week overwhelmingly passed a measure imposing severe penalties for "price gouging," an alleged phenomenon it...

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