Tag Archives: competition as a discovery procedure

Antitrust, Explained

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Monopoly and Competition (by Murray N. Rothbard)

Market-based assurance of quality and performance alert

Why does an industry need regulation when incidents of malfeasance are front page news that closes the offending business for good? Social media is another market discipline of quality.

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Source: Dog owners devastated after pet believed mauled to death at doggy daycare – National – NZ Herald News.

What is the only source of profit?

Hayek’s use of knowledge in society

Source: 70th anniversary of Hayek’s use of knowledge in society | Fraser Institute