The logic is simple. All other things being equal, the price increases as supply of the particular good decreases. Alternatively, all things being equal, the price decreases as supply increases. Similarly, all else being equal, the price of the good increases as demand increases. And the price decreases as demand goes down.

WHEN READING about history, memorable events in the usually distant past like wars or the fall of governments, one generally knows how the ending turned out, whether glorious or tragic, who the villains and heroes were (for the latter, usually the ones writing about them) and perhaps what we can learn from them. The details and linking of sometimes disparate events make history worth reading.

The energies of the incoming Marcos II regime are better spent on addressing the many problems it is inheriting from its predecessor rather than on “clarifying” what the Marcos Senior martial law regime was all about.

THE LIBERAL college town of Amherst, Massachusetts, is considering a ban on new large-scale solar projects that’s supported by, among other groups, the local chapter of the supposedly radical youth climate movement Sunrise.

(Part 5 of a series) HONG KONG — Last time I was here was in 2017 when I attended two international free market events. Yesterday,...