economy

Economists define efficiency in terms of consumer preferences. Consumer sovereignty is the basis on which we judge the economy’s performance.

Leftists and their government cohorts took full advantage – of the ill-intended taking full advantage of the work moratorium.

For a century, economists explained the value of goods based on the labor required to make them.

The economy could have been expected to bounce back on its own if the business closure and stay-at-home orders did not last too long.

The important task for those who value personal freedom, economic liberty and the free market economy is to disabuse our fellow citizens from thinking that what we have is a fully capitalist system

Our world is more prosperous than ever, or at least was before the economic disruption from COVID-19.

Retailers are asking customers to use credit or debit cards, and some are refusing to make change in coins. They say it’s because of the novel coronavirus. The virus may be playing a part; but, there’s more to the coin shortage.

Despite the constant failures of Keynesian economics and statist policies, people still haven’t realized that free-market economics is the way forward.

It’s time to reopen the economy. Society has a hold on COVID-19.

Old fallacies have a way of reappearing, especially, during times of social and economic crises. The current coronavirus crisis has opened the door to a variety of them.

Whether school closings and stay-at-home orders slow an outbreak is an important and really challenging research question. This question must be answered before we compare economic costs and health benefits.

An essential purpose of allowing markets to be free and open in all circumstances is precisely to take advantage of what people can imagine, create, and produce to meet changing patterns of demand in their respective corners of society.

At the end of April, Illinois utility regulators issued a call to repeal a pro-consumer federal order, called the Minimum Price Order Rule. Here’s what this means.