"If one-half of the commodities in the market rise in exchange value, the very terms imply a fall of the other half; and reciprocally, the fall implies a rise." – John Stuart Mill, Principles of Political Economy, p. 419
Government is an ass. Human action taking place free of government control exceeds its opposite.
AEI’s Mark Perry would broadly agree with the previous paragraph, if not its tone. As Perry’s “Chart of the Century” indicates, prices in sectors defined by less government slope downward, versus upward sloping prices in sectors where government control is more evident.
Except that Perry himself could perhaps be convinced that the chart is more political than it is economic.
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