Archives for "February 2004":
Dollar Democracy on February 28, 2004 in
Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that. . . . Their buying and their abstention from buying decides who should own and run the plants and the farms. They make poor people rich and rich people poor. They determine precisely what should be produced, in what quality, and...
Dollar Democracy Pt. 2 on February 28, 2004 in Economics
There is only one morally proper way to keep Wal-Mart out of any community: don't patronize its stores. If Wal-Mart cannot make money in a given location, it will either not move there or will close the store. So far, however, it makes money everywhere it opens a store for one simple reason: customers want to shop there. Edwin A....
Trade Tariffs and Sales Tax on February 20, 2004 in Economics
Third, we must consider global risk. Let us say that protectionism helps a country avoid a declining industry. The world as a whole does not gain. Those economic problems are simply shouldered by another country, and in a less efficient way, relative to free trade. Marginal RevolutionI never thought of it like that.I was speaking to the President of...
|
|
