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.
COMMENT: Hyperinflation and sanctions on cue in Iran, 103.2 years before Weimar. Iran headed to 47.3 year peak in early...
This 3D floor in Thailand tricks your senses into feeling movement while you stay still. 📹Daniyanizami11 pic.twitter.com/Og6hDPrkfz — Science girl...
Conor here: In the following piece, D. Graham Burnett traces a line between today’s AI and the early 20th century...
QUESTION: Do you still see the risk of a Middle East War by 2027? HF ANSWER: Unfortunately, yes. I will...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
Yves here. As we have often noted, Paul Roger’s articles are a mixed bag. He often raises good issues but...
The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.
