Sen. Paul discusses rising gas prices across the country
Tom Woods, New York Times bestselling author of Meltdown, replies to Rick Santorum’s claims that gold doesn’t prevent price inflation and that we need inflation in order to prosper. http://www.TomWoods.com
Prof. Mario Villarreal-Diaz claims that incentives matter, especially in a world of scarcity. Market prices, for instance, are a very powerful incentive. When the price of a good rises, consumers look for substitutes or ways to economize. Producers, on the other hand, look to increase output. When the price of a good falls, consumers will purchase more of it and producers will look for ways to cut back production.
Economists tend to focus on monetary incentives, but acknowledge that these incentives are not the only ones that matter. The world is populated with billions of unique individuals who are all motivated by different things. People are motivated by reputation, love, time, etc…
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Jeffrey Tucker interviews Mark Brandly, professor of economics at Ferris State University, and discusses the politics and economics of oil. Brandly is author of the article “What Can We Do about Gasoline Prices?”: http://mises.org/daily/5111
Congressmanjoins Neil Cavuto to discuss the potential of a government shutdown, his concern for spending, the implications of the current political climate, the consequences of fiscal irresponsibility and hope for reform, and the pending threat of price inflation. Reclaim the . Restore the Republic. CampaignForLiberty.com
joins David Asman on America’s Nightly Scoreboard to discuss the disaster in Japan, nuclear power, knee-jerk reactions, global economics, rising prices, and Keynesian policies.