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.
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 8.27 points or -0.02% to...
The D.C. consensus is becoming clear, the gerontocrats, led by Chuck Schumer, are on the verge of crushing the pesky...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
It’s been nearly six years since the SARS-CoV-2 virus spread into the United States, ushering in the pandemic that would...
In his 1980 book, Knowledge and Decisions, Thomas Sowell highlights the importance of social authentication and verification processes. Does this...
Working Cats: A Brief History of Human-Feline Partnerships Earth Food Life Brainwave study sheds light on cause of ‘hearing voices’...
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