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Ask a layperson what he or she thinks of the definition of economics. If they do not say it is the art of making money, many of them will mention that it is a study of supply and demand. In truth, economics is larger than either popular but otherwise misleading definitions. More accurately, it is […]

Why? KUALA LUMPUR (Reuters) – An influential opposition leader running for a key post in Malaysia’s Islamist party has “guaranteed” a commitment to a free market economy and protecting the rights of the country’s multi-racial communities. Husam Musa, vice-president of the Pan Malaysian Islamic Party (PAS), the country’s second largest party in mass membership, is […]

After millions of percent of inflation[0], Zimbabwe finally gets on the path of freer market as well as dollarization to fight inflation: Jan. 29 (Bloomberg) — Zimbabweans will be able to trade in any currency they choose and the government will abandon price controls with immediate effect, acting finance minister Patrick Chinamasa said today. Chinamasa, […]

[1858] Of price, liberated

Behind every crisis, there is an opportunity as the cliché goes and the opportunity presented by the period of high energy prices has been satisfyingly utilized. Whatever goals scored by economic liberalism in this country, it is definitely one point up: PUTRAJAYA, Dec 19 – Fuel prices in the country will be determined by the […]

Not all dilemmas are really dilemmas. Open up the lid and upon closer inspection, the dilemma unravels without much investment in effort. One such apparent dilemma concerns the production of food and biofuel. There is really no dilemma between food and fuel however. Free price is the scissor to cut the fake Gordian knot. In […]

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