Homines libenter quod volunt credunt
Posted in Fun Facts on Sep 13th, 2010
Frank Stephenson over at Division of Labor is referring to NPR’s Marketplace as “MarxistPlace.” Kicking myself that I did not think of it. In any case, here is a terrific observation … Marxist Place: “non-defense spending has already been pared down” I almost ran off the road this morning when I heard Marxist Place’s Nancy […]
Posted in Market Failures, Regulation, You Can't Have it Both Ways on Sep 13th, 2010
Anti-trust activists try to point to conditions which prevail in a market setting that indicate when a firm has (inappropriate) market power (because of course, government ‘monopoly power’ is of no concern) and should be subject to stricter anti-trust regulation. The most common indicator would be identifying goods for which the price being sold on […]
