Price Archives - Granite Grok

Notable Quote – It Is All about the Price!

October 8, 2022 Skip

Emphasis mine: The number of technologically feasible ways to produce any desired good in a modern economy is virtually infinite, but the subset of these which represent production methods that are also relatively economical is much smaller. Without the benefit of a price system, decision-makers who are faced with the bewildering variety of technologically possible … Read more

Not My War … Not My President

July 5, 2022 Ed Mosca

So there is this tweet that went out under the official account of the imposter/figurehead President admonishing gas stations to lower their prices …which are the direct result of the Biden-regime’s jihad agent the domestic fossil fuel industry … because “this is a time of war and global peril” and to “do it now.” By … Read more

Notable Quote – It’s All About the Price

May 19, 2021 Skip

A simple price tag. That’s all it takes to summarize ALL of the inputs from the design, development, sourcing, purchasing, manufacture, marketing, sales, shipment, delivery, accounting, and customer service of and for a product.

Notable Quote – Prof. Don Boudreaux

June 27, 2020 Skip

Emphasis mine: Industrial policy is the replacement of price-guided resource-allocation patterns with commands issued by politicians and their hirelings. But as Hayek points out, it is impossible for politicians and their hirelings to possess any of the “knowledge of the particular circumstances of time and place” that must be known if the resulting use of … Read more

Notable Quote – Prof. Don Boudreaux

June 9, 2020 Skip

…This system of prices and wages conveys reasonably reliable information to each individual about the consequences that will be experienced not only by her, but also by other people – most of them complete strangers – as a result of her choice of how to use her resources.

Notable Quote – For Bruce Currie who hates the idea that the US doesn’t have an “Industrial Policy”

May 19, 2020 Skip

He’s made it clear – we individuals need the handy helping hand to direct our every move and decision. This from Prof. Don Boudreaux (emphasis mine):

Price Controls Are Bad…

August 26, 2019

For Socialized Drugs Just Get in Line… We all like lower prices. But how we get them does matter. Advocating for government control of prices and wages might not be such a good idea. Implementing wage and price controls is turning our economy over to the government. Socialist style price controls on medicine is bad … Read more

Notable Quote – Vernon Smith

January 15, 2019January 15, 2019 Skip

At the heart of economics is a scientific mystery: How is it that the pricing system accomplishes the world’s work without anyone being in charge? Like language, no one invented it. None of us could have invented it, and its operation depends in no way on anyone’s comprehension or understanding of it. Somehow, it is … Read more