When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.
Price-control schemes have been failing for thousands of years. Now it looks like politicians in Washington are going to give price controls yet another try.
BiographiesAustrian Economics OverviewHistory of the Austrian School of Economics
SocialismValue and Exchange
True economic value begins in the minds of individuals, and only individuals can predict, plan, and act in the marketplace.
Media and Culture
Money and BanksMoney and Banking
The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.
War and Foreign Policy
Those who believe in the free and unhampered market economy should be especially skeptical of war and military action. War, after all, is the ultimate government program.
Global EconomyMoney and BanksMoney and Banking
The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.