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With the exception of agricultural price supports, this intervention is pretty much dead. Even OPEC -- an international cartel of governments -- has retreated from the field because Saudi Arabia will... keep reading
This is the auction's principle: "high bid wins."... keep reading
"Parity" prices are price floors. They produce gluts. Robert L. Thompson, "Agricultural Price Supports." Download here. E. C. Pasour, "The Farm Problem and Government Farm ... keep reading
Tariffs are part of a system of intervention called protectionism. Gary North, "Clichés of Protectionism." Download here. David Starr Jordan, "The Moral Aspect of the Protecti... keep reading
President Truman disbanded the troops. He did not disband the bureaucrats. "Demobilization of United States Armed Forces After World War II" (Wikipedia). Download here. The U.S. civilian ... keep reading
The most prominent of these in the United States is mandatory extra pay for overtime. Lawrence Vance, "Overtime Pay and a Free Society" (2015). Download here. Christopher Westly, "W... keep reading
Capital increases output. Machinery is one form of capital. Gary North, "Why Robots and Software Will Not Take Over the World" (2014). Download here. Gary North, "Mises on the Ro... keep reading
TANSTAANT: "There ain't no such thing as a neutral tax." Murray N. Rothbard, Power and Market (1970). Download here. To return to my book, go here: http://bit.ly/CEIOL... keep reading
There are no free lunches. Anthony de Jasay, "The Seen and the Unseen. Part II. The Costly Mistake of Ignoring Opportunity Cost" (2005). Download here. John P. Cochran, "Infrastructur... keep reading
Destruction is not productive. "The True Costs of War" (2014). Download here. Costs of Major U.S. Wars (2010). Download here. "List of wars by death toll" (Wikipedia). Downloa... keep reading
Follow the money, backwards. Bastiat, "That Which Is Seen, and That Which Is Not Seen" (1850). Download here. Robert Murphy, "The Broken-Window Fallacy" (2012). Download here. ... keep reading
The fundamental issue here is ethics. Secondary is economic cost. Bastiat's materials are here: The Law (1850). Download here "That Which Is Seen, and That Which Is Not Seen" (1850). Dow... keep reading
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