Prices convey information, even the price of zero. There is often more latent intelligence signaled by prices than by the claimed good intentions of political zealots—even those on the side of peace and liberty. On the fifth anniversary of the 9/11 attacks, I tromped to the National Mall in Washington to make a speech on the evils of the War on Terror. Antiwar demonstrators had organized Camp Democracy, a few blocks in front of the U.S. Capitol on the Mall. The speaking gig was arranged by a lady from the Veterans for Peace who I met at the 2004 National Libertarian Party convention. After...
