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    Opinion

    Two-Way Prices and Two-Way Streets

    Money prices drive market decisionmaking, and help ensure that consumers get what they want, when they want it, and in the quantities they want. It is the ability of prices to be flexible in response to changes, to move up and down quickly in response to demand or supply changes, that almost single-handedly prevents shortages and surpluses from occurring. How should we 'manage' prices and wages to produce the best economic results? The Invisible Hand.

    Dr. Karen Y. Palasek

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