Posts Tagged ‘command’

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    Car Rentals and Cuban Houses

    Nov 11, 11 • 178 Views • Demand, Supply, and Markets, Developing Economies, Thinking EconomicallyNo Comments

    Have you ever washed a rented car? Former Treasury Secretary Lawrence Summers tells us that, “In the history of the world,” no one has. For rental cars and Cuban houses, lack of ownership is the common denominator. When Fidel Castro took control...

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    Everyone Rations

    Jul 12, 10 • 163 Views • Thinking Economically1 Comment

    I am concerned that the word “ration” has a bad reputation. In a recent CBS story about a new Medicare/Medicaid head, and throughout the healthcare reform debate, stories about reputed “rationing” kept popping up. There was no...

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    Grading North Korea

    Jun 11, 10 • 117 Views • Developing Economies, Thinking EconomicallyNo Comments

    Just like teachers, the writers of the Index of Economic Freedom give grades. Instead of students, though, countries receive their grades after being “tested” on such economic issues as starting a business, tax policy, and private property....