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 man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP |...
Imagine that you spent 250 years being called the wrong name. That’s basically what’s happened to Adam Smith’s treatise. Everyone...
Ireland is now confronting a full-scale energy protest movement that has gone far beyond symbolic demonstrations. What began as opposition...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 413.10 points or -0.73% to...
If there is a mantra among progressive American political and media elites, it would be “our democracy,” usually preceded by...
The Wall Street Journal recently ran a commentary by Justin Lahart, according to which the debate among economists regarding minimum...
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