It would not make sense for the price system to reward folks for saving if there is little economic return to saving.
This is not the same thing as grasping the centrality of the price system to resource use in a free market economy.
They are confident that the price system will allocate the supply of canned foods to the customers who will value them the most.
It would severely limit the role of government, keep taxes low, adopt the gold standard (or competing currencies), allow the price system to work without check.
Although we see the government reducing the role of prices in some areas, such as health care, the price system is still working in many other areas of the economy.
Whereas Hayek drew on the price system as a solution to the problem of local knowledge, and old Diane drew on choice and accountability, new Diane sees local collectivism and democracy as the solution.
Rather than what every economist has been screaming for a decade or more: change just the one price in the system, the price of carbon emissions, and let the market work out what to do next.
But the price of system failure, just like that of inadequate maintenance, would be even more enormous.
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Until then, I had been using the Fisher Price system and was a bit haphazard about how I handled my cardboard records.
The cost of supporting this menagerie of pre-digital radios and working around their various deficiencies would eventually dwarf the price of the new radio system which is one of the reasons why it was developed in the first place.
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This is handy for deterring forgers, but it raises the price and complexity of the system well above anything that exists, or is being contemplated, elsewhere in Europe.
The beauty of the free-market price system is that all prices are the result of voluntary exchange and, hence, reflect the personal preferences of all members of society.
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North Dakota's commissioner of agriculture, Roger Johnson, wants the United States to return to the robust system of price supports it abandoned with the 1996 Freedom to Farm Act.
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The proposed but long-delayed Specialist and Critical Care Centre for Gwent would be a model for the new system, but the price tag has so far been a major impediment to its introduction.
The current law, known as The Farm Security and Rural Investment Act of 2002, traces its roots back to the system of price controls developed during Franklin Roosevelt's New Deal.
The cost of those kickbacks was routinely added to the price of the work, so this system contributed to the huge public debt under which Italians and their governments now labour.
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The whole point of the system is that the price of food should decline relative to other prices.
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In February, Dai-Nippon Meiji Sugar and Nissin Sugar announced plans to start joint production as a way of preparing for the end of Japan's sugar-price support system and the elimination of import tariffs next year.
But what I am pointing to is the way in which in a market, price driven, system the entirely selfish pursuit of gelt and pelf, the desire purely for filthy lucre, brings about such a desirable result.
In a permit system the price of the permit is not as with a carbon tax, something that the higher it is the better it is.
By propping up the price, the Fairtrade system encourages farmers to produce more of these commodities rather than diversifying into other crops and so depresses prices thus achieving, for most farmers, exactly the opposite of what the initiative is intended to do.
The regulatory system - the oversight system failed, and we are now paying the price.
The airlines will maximize their profits by convincing more passengers to use the system with a lower price, he said.
The rules force marketmakers to fill or broadcast a customer's limit orders to all marketmakers on the Nasdaq system if it improves on the inside price.
The most important provisions of the rules force marketmakers to fill or broadcast a customer's limit orders to all other marketmakers on the Nasdaq system if it improves on the inside price.
Eventually, automated ad sales could bring down the price of ads, as an auction system lets bidders set their price.
Of course, much of this depends on the price of next-gen games and whether the system is backwards compatible.
So will another price drop help the system get back on track?
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