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.
A "Now Hiring" sign is seen at an AutoZone on Feb. 11, 2026 in Hollywood, Florida. Joe Raedle | Getty...
Over winter break, I was back in Massachusetts visiting family for the holidays. The conversation turned toward the difference in...
Germany’s push for a social-ecological market economy rests on far-reaching state interventions in energy and industry, including a government-driven hydrogen...
Trade has increasingly become the weapon of choice for politicians who cannot resolve disputes through diplomacy. Now we see tensions...
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 2,033.51 points or -3.61% to...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
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