Hearing Economics Hits the Century Mark and Contemplates the Meaning of Life

Hearing Economics has clawed its way to the 100-post peak today, a dubious achievement signifying either celebration or an urgent need to jump off and get a life.  A third option is to figure out the meaning of life by writing yet another post.  The following are weird, funny, disconcerting, or just plain embarrassing items…

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To Regulate or Not To Regulate, That is the Question

The last post on Government regulation introduced gluts and shortages, both undesirable, inefficient and unsustainable–theoretically– in a free market. “Theoretically” because the free market of classical economics is modeled on a world of “complete information, interchangeable goods and services, and lack of market power” — a world that exists only in theory.  Laissez-faire{{1}}[[1]]tr:  Leave [us] alone.[[1]]  gets…

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