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 supply. Show all posts
Showing posts with label supply. 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 ... 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
As 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 ... 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. ... 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 ... MOREAlyene Senger: ObamaCare's Impact On Doctors
More regulation, oversight and patients. No class of American professionals will be more negatively impacted
by the Patient Protection and Affordable Care Act (PPACA), commonly
referred to as Obamacare, than physicians. Third-party payment arrangements are already compromising the
independence and integrity of the medical ... MOREAndrew Langer: Free Markets Vs False Markets
Government puts shackles on producers. One of the great benefits of free markets is that they are eminently adaptable, constantly changing to meet the forces of supply, demand, and price. They are, in many ways, like organisms or ecosystems, evolving over time to improve. As factors change, industries or firms meet those changes, ... MOREThomas Sowell: Economics Vs. 'Need'
A labor shortage should lead to higher wages. One of the most common arguments for allowing more immigration is that there is a "need" for foreign workers to do "jobs that Americans won't do," especially in agriculture. One of my most vivid memories of the late Armen Alchian, an internationally renowned economist at UCLA, involved a lunch ... MORE
Brian Phillips: Abolish Public Schools
Make a move toward educational excellence. In recent years, it has become increasingly popular to argue that
government should be operated more like a business. As an example, a manifesto written by sixteen public school executives explains how to fix public schools: Let’s stop ignoring basic economic principles of supply and demand ... MOREDevin Brian: Price Gouging On Guns?
Where is the outrage? Every time there is a natural disaster of some sort, gas station owners
are considered monstrous for raising prices to coincide with increased
demand of their scarce resources. However, I have not heard anyone
calling for the immediate lynching of those greedy gun shop owners who
have doubled or even tripled prices on ... MORE
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