Posts Tagged ‘the market’

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    Everyone Rations

    Jul 12, 10 • 247 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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    Appreciating the Market

    Mar 30, 10 • 206 Views • Demand, Supply, and Markets, Economic Thinkers, GovernmentNo Comments

    In a recent WSJ interview, Nobel laureate Gary Becker tells us that, “Markets are tough to appreciate.” The reason, he says, is people feel government can better care for them than a profit seeking individual. Calling markets

  • Is the Market Ethical?

    Jan 12, 10 • 208 Views • Demand, Supply, and Markets, RegulationNo Comments

    Some people believe that government should control areas that we consider most valuable while others say precisely the opposite. The “war” between government believers and market believers was evident in Saturday’s Wall Street Journal.