How the Surgery Center of Oklahoma Tapped the Cash Market
"The cronies and their government pals are increasingly exposed. As the co-founder of the Free Market Medical Association, I am filled with optimism watching the growth and acceptance of market discipline in this industry." A new world of medical entrepreneurship is
Sergio Alberich on Capital Structure and Capital Flexibility
The proper selection of a firm’s financial source does not guarantee its success, but the wrong one assures its failure. Austrian capital theory delivers actionable insights for business. Austrian theory emphasizes capital’s economic role in generating customer revenue flows. Since these
John Stuart Mill, “the Marketplace of Ideas,” and Minority Opinion
When justifying the airing of opinion, particularly of unpopular opinion, interlocutors have often pointed to John Stuart Mill’s On Liberty for support. Mill’s classical liberal tome is regarded as one of the greatest defenses of individuality, free thought, and free
The Neoliberal Economic Approach
When the BJP led government won the elections in 2014, PM Modi strived to practice a neoliberal approach in the economy. This led to a small stream of free trade, privatisation and disinvestment. The rhetoric of ‘minimum government and maximum
Medical Staffing and the Revolutionary Innovations We Need
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. Our expert speakers will discuss several of
Can Economics Save Medicine?
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. Our expert speakers will discuss several of
Explaining Malinvestment and Overinvestment
Mainstream macroeconomists may—and do—disagree with such an assessment, but Austrian macroeconomists rightly consider the Misesian/Hayekian1 theory of the business cycle to be one of the signal achievements of the entire Austrian School of thought. This Austrian business cycle theory (ABCT)
Missouri Tells the Feds: We Won’t Enforce Your Gun Laws
On June 12, Missouri governor Mike Parson signed HB 85, the “Second Amendment Preservation Act” recently approved by the state’s legislature. The new law is designed to prevent state and local law enforcement from enforcing federal laws regulating private ownership of
Transitory Inflation or Stagflation?
Bloomberg uses the price of a certain bike, the Santa Cruz Hightower C R, to make the case that price inflation is upon us. This bike will set you back $4,749, a 10 percent leap from the first of the
Central Banks See No Way out of the Low Interest Rate Trap
Since the 1980s, slower economic growth in the industrial countries has been accompanied by declining interest rates. They have even turned negative in more recent years. At the same time, investment, productivity, and real GDP growth all have slowed. Recession