If a person can't raise a crop and sell it to people who want to eat is either party free? How much regulation do local officials need to place on selling farm plants?
Showing posts with label regulation. Show all posts
Showing posts with label regulation. Show all posts
Saturday, August 18, 2012
Economic Freedom on the Farm
Farmers have been selling their produce since the early stages of civilization, so just what is going on with vegetables and the authorities in Fauquire County, Virginia? Could this really all be about a birthday party, did someone not invite a special child.
If a person can't raise a crop and sell it to people who want to eat is either party free? How much regulation do local officials need to place on selling farm plants?
If a person can't raise a crop and sell it to people who want to eat is either party free? How much regulation do local officials need to place on selling farm plants?
Sunday, May 20, 2012
The Economics of Destruction
One year ago, on May 22nd the city of Joplin Missouri suffered a devastating blow from an EF5 tornado.
The city of 50,000 people completely lost over 8,000 homes. Its hospital and many businesses were also trashed. In all Joplin suffered well over $2 Billion worth of damage in the wake of a 20 mile tornado path.
But the high dollar figure isn't why we're featuring this on a blog about economics, we're putting this video up because it shows how monetary value is a big factor in determining the best use of resources. Even though some some costs briefly sky rocketed we can also see great waste as goods that weren't needed used up money, time and effort which could have been better allocated. Here is a story about economic recovery that doesn't fall prey to the age old delusion about Broken Windows being a positive thing.
The city of 50,000 people completely lost over 8,000 homes. Its hospital and many businesses were also trashed. In all Joplin suffered well over $2 Billion worth of damage in the wake of a 20 mile tornado path.
But the high dollar figure isn't why we're featuring this on a blog about economics, we're putting this video up because it shows how monetary value is a big factor in determining the best use of resources. Even though some some costs briefly sky rocketed we can also see great waste as goods that weren't needed used up money, time and effort which could have been better allocated. Here is a story about economic recovery that doesn't fall prey to the age old delusion about Broken Windows being a positive thing.
Saturday, April 28, 2012
Insider Trading
Insider Trading
Dr. Robert Murphy presents a case for legalizing insider trading and how things would work without these laws. Stossel points out the illusion we have while insider trading is illegal and Dr. Murphy points out numerous huge crimes that have passed right through the reporting channels over the years.
At first it seems counter-intuitive but did you know insider trading wasn't illegal until 1968? And of all things Congress had exempted itself from the insider trading laws until just this year. If the watchman isn't doing a good job then do we really need the watchman? Feel free to discuss below.
Dr. Robert Murphy presents a case for legalizing insider trading and how things would work without these laws. Stossel points out the illusion we have while insider trading is illegal and Dr. Murphy points out numerous huge crimes that have passed right through the reporting channels over the years.
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At first it seems counter-intuitive but did you know insider trading wasn't illegal until 1968? And of all things Congress had exempted itself from the insider trading laws until just this year. If the watchman isn't doing a good job then do we really need the watchman? Feel free to discuss below.
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