Tags archives: free-markets

Two Opposing Visions of the Marketplace

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The marketplace is complex and confusing. Even economists who have spent their whole careers studiously researching market behaviors disagree widely about policy recommendations. But views about how markets function can generally be simplified into two worldviews.

Is It Possible to Waste Money?

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It is easy to criticize luxurious lifestyles. Who really needs a private jet? Does a $2,000 bottle of wine really taste any better than a decent $15 bottle? The website Bornrich.com features a list of the “most expensive things” that most people will find both amusing and disturbing. When it comes to luxury, we are all guilty in some way or another—it is [...]