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Now I understand of course supply and demand, and that as an economy is more productive prices decrease. However, will not other prices have to increase as well if the money supply is constant? When talking about rising prices, the argument is that prices cannot all rise (thus causing a net increase...
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Their subsidization of solar panel production is, believe it or not, has little or no impact on the pace of solar energy research and development. If they subsidized the production of cell phones, new faster, smaller, more reliable cell phones would still be coming out every year. The only difference...
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[quote user="F.A. Hayek"] Only if different firms compete for the available means of production will saving and investing in the ordinary sense of the words take place, and it is therefore such a situation which we must make the starting point of our investigation. Now, if any of these integrated...