Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.

The stock market is almost magical because it always leads the economy. It goes down long before the economy drops and then heads higher long before the economy rebounds. It always has.

As a child, I used to wonder why markets in my locality were all situated near the main roads. I grew up a little to get the answer; ” that business minded people can meet there easily!” Your dream must be situated where they can meet people!

Let’s stop kidding ourselves that Greek debt is the Euro’s key problem. With Greece gone, who’s next ?

Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at.