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Non-price rationing caused by price controls

Left unchecked, this process can lead to global trade war as country after country erects non-market barriers to the smooth flow of trade. Ultimately, these mounting frictions can produce system failure, akin to the blackouts caused by failure of an electricity network. As Hayek and von Mises first pointed out, markets are exquisitely efficient information […]

China retaliated by blocking shipments

The U.S. protectionist moves against China are accelerating fast. China announced the end of the fixed RMB/$ policy in July 2005 in order to a) accommodate growing pressure from the U.S. regarding the U.S., trade deficit with China, and b) deflect pressure in the U.S., Congress to pass China-targeted protectionist legislation, endorsed by Senators Schumer […]

Orbit robotic pool cleaners

Orbit robotic pool cleaners The United Kingdom with its vast pool resource users is blessed with few pool cleaner making companies. The few pool machines that originate in the United Kingdom are either from other countries or are not able to meet the needs of the pool owners. The most notable pool cleaner dealer is […]

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