A market for parking free of government manipulation would reduce inequality, improve the environment, and make cities more livable.
Can you really blame universities for charging high prices for football tickets when so many people are willing to pay for them?
Each consumer is free, on his or her own, to visit farms and factories and processing plants in order to purchase items directly from producers. But, of course, such visits would be enormously time consuming and would cost quite a lot in airfare and other travel expenses. We know that retailers and other middlemen perform valuable services because we observe consumers, everyday, voluntarily paying for these services.
The law of demand still applies even to overrated musicals.
In the current debate about the minimum wage, some argue that higher minimum wages boost the economy overall. If workers receive higher wages, the reasoning goes, then they will have more money to spend, and their increased spending will boost business all around. In this news video, for example, an activist in the citizen action […]
With all the excitement of the 2016 presidential election ramping up, it’s even more important to think critically about proposed government policy. Not only are voters biased, they’re often swayed by policies which sound good, but which don’t always have good results. Randal O’Toole, a policy analyst at the Cato Institute, illustrates the careful balancing […]