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. So far, information about the US piracy in capturing an oil tanker off Venezuela is limited, but this...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 52.30 points or -0.10% to...
The GOP has succeeded in luring U.S. Representative Jasmine Crockett into entering the Democratic primary for U.S. Senate. Time will...
The battle of ideas is not an intellectual exercise, and the Mises Institute is not in the business of discussing...
The dispersal of domestic cats from North Africa to Europe around 2000 years ago Science Global Seaborne Trade Reaches Historic...
“I am getting more and more convinced the war-peace question is the key to the whole libertarian business,” Murray Rothbard...
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