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Posts Tagged: “market economy“
Why the Post Office and Non-Profits Struggle Without Market Prices
Free market economists have demonstrated why socialism fails: without true market prices, economic calculation becomes impossible. Some, however, fail to realize that this limitation also applies to other institutions, like nonprofits, that typically don’t face market prices either. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect […]
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Innovation’s Silent Killer: Progressive Taxation
Innovation has a silent killer… a scourge that America has aided and abetted for over a century. Innovative activity is the backbone of the economy. Because of Google, Honda, and Netflix, life is easier for billions of people around the globe. A Stanford study found that up to 85% of economic growth is due to innovation. But what if all […]
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