May 25, 2008
Oil Costs Up, House Prices Down--Good News
The market has delivered in months what the Treasury failed to force on us, a better husbanding of scarce resources.
Although libertarians wouldn't agree with everything Simon Jenkins writes here, he presents his crucial argument about the role of the price mechanism in allocating scarce resources rather well.
Although libertarians wouldn't agree with everything Simon Jenkins writes here, he presents his crucial argument about the role of the price mechanism in allocating scarce resources rather well.