by A. Barton Hinkle. Of soda taxes & minimum wage. Back in October, The New York Times reported that the law of supply and demand still works. "Yes, Soda Taxes Seem to Cut Soda Drinking,"
the newspaper told its readers, relating the results of Mexico's new
tax on sugary beverages. Mexico's measure imposed a 10 percent tax on
soft drinks, and so ... MORE
Showing posts with label demand. Show all posts
Showing posts with label demand. Show all posts
When Did The U.S. Repeal The Laws Of Supply & Demand?
by A. Barton Hinkle. Of soda taxes & minimum wage. Back in October, The New York Times reported that the law of supply and demand still works. "Yes, Soda Taxes Seem to Cut Soda Drinking,"
the newspaper told its readers, relating the results of Mexico's new
tax on sugary beverages. Mexico's measure imposed a 10 percent tax on
soft drinks, and so ... MOREDoug Casey: Why Debt Is Not Money
How you should think about gold. Gold’s main use, contrary to the belief of some, isn’t in jewelry or dentistry—although those uses are important. Its main use has almost always been as money. But gold’s ancillary uses are growing in importance because, given its physical characteristics, it’s a high-tech metal. It’s one of the most resistant to chemical reaction, one of the most ductile, the most malleable ... MOREOregon Legislature Repeals Laws Of Supply & Demand
It is not likely to work out well. Like the apocryphal story
of the state legislature that passed a law dictating that pi equals 3,
the Oregon state legislature has passed two laws that pretend the laws
of supply & demand don’t exist. The difference is that, in reality,
no state legislature ever did pass a law saying that pi equals 3, but
Oregon’s ... MOREWalter E Williams: Minimum Wage Dishonesty
Higher prices mean less demand. Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled "Does a minimum wage raise hurt workers? Economists say: We don't know." Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at the University of Chicago's Booth School of Business, of 42 ... MORE
Walter E Williams: Liberal Reasoning - Idiotic or Dishonest?
A very convenience understanding at minimum. Many people argue that liberals, socialists and progressives do not understand basic economics. I am not totally convinced about that. Take the law of demand, for example, one of the fundamental principles of economics. It holds that the lower the cost of something the more people will ... MOREAs Prices Drop, Gold Sales Explode at US Mint
by Joshua Krause. Something doesn't add up here. A little over two weeks ago, a source within the US Mint announced that
sales of their silver eagles had grown to the point that the Mint was
running out, and would have to suspend all orders for several weeks. This claim was later officially confirmed by the US Mint, and ZeroHedge
noted how strange ... MORERonald Bailey: Minimum Wage and Magical Thinking
No one can defy the law of demand. If all other factors remain equal, the higher the price of a good,
the fewer people will demand it. That's the law of demand, a fundamental
idea in economics. And yet there is no shortage of politicians,
pundits, policy wonks, and members of the public who insist that raising
the price of labor will not have the ... MORERonald Bailey: The Minimum Wage And Magical Thinking
Defying the law of demand never works. If
all other factors remain equal, the higher the price of a good, the
less people will demand it. That's the law
of demand, a fundamental idea in economics. And yet there is no
shortage of politicians, pundits, policy wonks, and members of the
public who insist that raising the price of labor will not have ... MOREWalter E Williams: Defense Against Demagogues
Economic ignorance used as a political tool. When gasoline sold at record prices, Sen. Bernie Sanders, I-Vt., said, "I think it's time to say to these people, 'Stop ripping off the American people.'" When the average price of regular gas was close to $4 a gallon, Sen. Chuck Schumer, D-N.Y., called for Congress to look into breaking up giant oil companies. ... MOREEd Feulner: Why Gasoline Prices Are Down
And how we can keep them that way. If you’re like most Americans, you haven’t been questioning the welcome drop in gasoline prices. You just fill ‘er up and feel grateful that you’re spending less. Why has this remarkable drop come about? And what can we do to help keep prices lower? Some of it, unfortunately, is beyond our control. ... MOREWalter E Williams: Embarrassing Economists
The first fundamental law of demand. So as to give some perspective, I'm going to ask readers for their guesses about human behavior before explaining my embarrassment by some of my fellow economists. Suppose the prices of ladies jewelry rose by 100 percent. What would you predict would happen to sales? What about a ... MORERonald Bailey: How to Slake California's Thirst
"Nature makes a drought, but Man makes a shortage." That's the trenchant slogan that the Leiden University College water resource economist David Zetland uses to sum up how bureaucratic mismanagement of supply and demand misallocates water pervasively. California's current water crisis—exacerbated by a three-year ... MOREKeep Them Down, Keep Them Dependent
How to prevent the young and poor from succeeding. Let’s face it. I’m not that young anymore. I’m also not poor anymore, and I live a comfortable middle-class American life. Most older, better off middle-classers like me got where we are through the dynamic market process. The trouble is, now that we’re doing pretty well, that same ... MORE
Subscribe to:
Posts (Atom)