Can Economics Save Medicine?
[This article is excerpted from a talk given June 17, 2021, at the Mises Institute’s Medical Freedom Summit in Salem, New Hampshire.] Ladies and gentlemen, why are we here today? First, in a certain sense medicine in America is broken. Doctors and
Direct Primary Care: Aligning Incentives in Healthcare
"Primary Care is about access, continuity, and responsibility." A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and cost-sharing plans are just a few of the ways free-market approaches are changing the landscape.
What Canada Can Teach Us about Medical Freedom
You get what you pay for. When that is going through a bureaucrat, you are getting far less than what you pay for. A new world of medical entrepreneurship is growing. Concierge and cash-only practices, walk-in cash clinics, medical tourism, and
The Real Tax Scandal
Federal income taxes are almost entirely about control and not revenue. The byzantine rules and selective enforcement are perfectly designed to keep ordinary people with limited means in mortal fear of the IRS. Original Article: "The Real Tax Scandal" This Audio Mises
Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle
According to the Austrian business cycle theory (ABCT), the boom-bust cycle emerges in response to a deviation in the market interest rate from the natural interest rate, or the equilibrium interest rate. It is held that the major cause for
Follow the (Economic) Science: Why Lockdowns Were Bad Pandemic Policy
"It's the economic science people need to listen to to figure out if there is a rationale for a type of government regulation during this pandemic, and if so, what that looks like. And, I'll tell you what it does
How Fiat Money Changes Culture
Can the type of money used change the culture of a society? This might seem like an absurd proposition, but it is supported by the arguments of proponents of the Austrian school of economics. First, let’s contextualize the importance of sound
OPEC- A CARTEL FAILURE
One of the most famous examples of a cartel given by many economists is the Organization of Petroleum Exporting Countries (OPEC). According to the OPEC countries, the major objective of the organization is “Unification and coordination of petroleum policies among
Why Aren’t There More Free Market Surgery Centers and Clinics?
[This is a transcript of a talk given June 17, 2021, at the Mises Institute’s Medical Freedom Summit in Salem, New Hampshire.] On behalf of everyone at the Surgery Center of Oklahoma and the Free Market Medical Association, thank you for
The Covid Lockdowns Showed Us How Dangerous Social Engineers Have Become
Since the onset of the covid-19 pandemic, governments around the world, along with a handful of unelected medical experts, have been behaving as though they are the social engineers of totalitarian regimes (e.g., fascism, Nazism, and communism). To be more