Supply and demand

US Frackers will REJOICE over this!

by Skip October 30, 2016

OPEC is desperate to see oil prices go up and so is Russia (both the latter and the Sauds are on a real downward trend on their financial reserves) so I’m not surprised about this.  However, there’s one phrase in this that makes no sense at all (emphasis mine, reformatted) and includes the US fracking […]

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Notable Quote – Deirdre N. McCloskey

by Skip August 22, 2016

The enrichment [of the modern world] came mainly from bourgeois liberty and creativity unbridled, not from piling up constraints on voluntary deals or from redistributing what income we get from the deals. Wages and working conditions, after such shocking enrichment, are in fact determined largely by supply and demand, not by regulations passed by Congress […]

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Driving Out The Competition

by Steve MacDonald February 7, 2013

I have posited elsewhere in these pages that the government (when run by this particular crowd of liberal Democrats at least) very likely engages in tax policy designed to eliminate political competition. If, for example, you drive off all the wealthy people or confiscate so much of their wealth that they cling (bitterly) to whatever […]

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