When firms raise prices, “gouging” their customers, many governments complain. Some cannot resist intervening. But in today’s China, the opposite is happening. In May the state reprimanded carmakers not for raising prices, but for cutting them. “There are no winners in this price war,” it said, blithely ignoring the happy customers who can now buy a zippy electric car for less than $8,000.
Yves here. I hope readers in Europe and the UK and those otherwise knowledgeable about EU politics and governance will...
(The above photo depicts President Ahmed al-Sharaa at the White House in 2025; below is a picture of terrorist al-Sharaa...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 220.38 points or 0.43% to...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
Senate Democrats threw a teetering Trump administration a lifeline by folding on the U.S. government shutdown. The move has divided...
Atlanta Federal Reserve President Raphael Bostic said Wednesday he will be leaving his position when his term expires in February.Bostic...
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