Allowing prices to rise to heights that accurately reveal the intense desperation of the situation is the surest means of encouraging additional supplies of vital goods to be rushed ASAP to the area.
Donald J. Boudreaux
Do Allegations of Intellectual-Property Theft Justify Protective Tariffs?
If we Americans are indeed made better off the greater are foreigners’ demands for our exports, how are we made worse off by foreigners’ economic success given that such success invariably increases their demands for our exports?
The human mind is the ultimate resource because it, and only it, creates all of the other economically valuable inputs that we call “resources.”
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