Tag Archives: prices

Why a new recession is quite possible

By Arthur Middleton Hughes The US has been going through a severe recession since 2008. Unemployment by 2011 is at 9.2%. GDP growth is less than 1.5%. Millions of unemployed have stopped looking for work. The picture is bleak. To … Continue reading

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Prices as a system of communicating knowledge

The price system is just one of those formations which man has learned to use…after he had stumbled upon it without understanding it. Through it, not only a division of labor, but also a coordinated utilization of resources based on … Continue reading

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