SATURDAY, OCTOBER 28, 2023
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October 27, 2023
The Self-Regulating Nature of the Price System
In yesterday’s blog post, I described the self-regulating nature of the price system in the context of the issue of immigration. I pointed out that when employers raise their wages in a big way, they are sending a message — an invitation — to workers that says: “I need you to come and work for me right now.” By the … |
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