In listening to discussions about markets and economics you seldom hear the word complexity. Most economic theory tends […]
President Trump’s threat to impose tariffs on steel and aluminum has triggered a blizzard of articles for and […]
It never ceases to amaze me how people misunderstand the process of financing the federal government. The ridiculous […]
Many people have the impression that business owners unilaterally determine wages and prices. They believe that consumers have […]
Last week I discussed value as it relates to the recent volatility in the stock market. Some commentators […]
People value securities based on the subjective preferences in the same way that value any economic good.
Yes, after a much-extended delay in my return to The Free Market Center Journal, I am now ready […]
A brief interruption in The Free Market Center Journal has turned into an extended delay. I still intend […]
Exchanges provide us with the objective information we need to make affirmative statements about market activity and what drives it.
See how, for you, every determination of value results from your own subjective judgment…