Archive: Free Market Minute

  • Let’s Make a Deal

    For a growing number of cities and municipalities, when fiscal times get tough, the tough go…to the market. Take recently cited examples from Dallas, Los Angeles, Chicago, Las Vegas, Nassau County NY, and Pittsburgh PA. All are looking for new angles to increase local revenues. They are looking for cash…

  • Instability, Regulatory Style

    The debate today, from clearer heads,suggests that the American economy may just now be catching up with some of Keynes' most radical prescriptions. Congress continues to establish new restrictions on the decisions of private resource owners. The real fundamentals of our economy are at stake.

  • How’s my driving?

    The impression that your business makes on people who are not your direct clients may have more to do with your failure or success than you think. Researchers claim that consumers repeat negative stories about their contact with a business or organization eleven times more often than they repeat positive…

  • The Tenth Commandment: “Get your own cow”

    "We think we can dabble in freedom — allow a few of its liberties and leave our favorite constraints in place. We think we can screw around with the free market — skip its costs and get all of its benefits anyway." So writes P.J. O'Rourke in "Eat the Rich,"…

  • Studying the possibilities

    Technology has dramatically improved access to information nearly everywhere and lowered the cost of getting it. In higher ed, print-based books face tough competition from convenient, portable, and relatively inexpensive alternative formats. So why has the traditional textbook market seemed resistant to the lower prices that competition, lower-cost technologies, and…

  • Movin’ On, But Not Movin’ Out

    "Honey, I've moved on," doesn't necessarily mean, "Honey, I'm moving out," in this economy.When no-longer-in-lovers find new sources of spiritual, emotional, and romantic happiness, divorce and separation of household usually ensues. But this is (temporarily) a different world. The money question may trump love, or hate, or simple boredom.

  • Hayek on Meet the Press

    American capitalism has had a good record of giving people a rising standard of living, so why have many intellectuals and even economists become skeptical about, or even hostile to capitalism? Nobel laureate F.A. Hayek discussed economic policy's intellectual attraction — an economy that you can (presumably) deliberately control —…

  • Serving the Public

    Tough economic times bring the need for even greater dedication to the principles of market success, not abandonment of the market in favor of government handouts. The idea of pleasing the customer — first by attracting their business, then by gaining their loyalty — absolutely cannot be ignored in a…

  • Watch out for falling prices

    Reading the latest economic news recalls the popular box store warning "Watch out for falling prices!" We appear to be entering a period of generally falling prices in our economy, an overall deflation. Falling prices aren't always a good thing, however, and this time, analysts are concerned about negative economy-wide…

  • The wealth of nations in retreat?

    Recent weeks have witnessed renewed fervor to address financial market upheaval with new policies and unprecedented authority transferred from private markets and private entrepreneurs to policymakers, regulatory agencies, and the U.S. Congress. But fear of markets is not the answer. Sound economics and logical thinking are. Not least, it's time…