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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Drink to Your Health and Longevity if Not Your Hearing: International Coffee Day Enters its 2nd Week

As promised last week, today’s post concludes our two-week celebration of International Coffee Week by providing an updated table linking coffee/caffeine intake to health effects.  The original table appeared in April and you can see that it’s grown quite a bit in only four months.  The fly in the ointment continues to be a glaring…

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