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
The ‘Wolf of Wall Street’ movie review
Martin Scorsese plays his magic as a filmmaker yet again! With ‘The Wolf Of Wall Street’, it looks like he went to several extremes to bring the best possible outcome for a dark, yet humorous film. The 2013 film became
Low Fiscal Effectiveness in India in Recent Years
Fiscal policy is an important policy instrument that influences economic growth through a direct impact on aggregate demand, and consequently, total income in an economy. Fiscal policy can be of two types, expansionary or contractionary with the main tools being
The Ratification Debate: A Standing Army vs. the Militias
[This passage is excerpted from Murray N. Rothbard's Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] One of the most important aspects of the proposed Constitution was its authorization for a permanent national standing army, a striking contrast to the simple reserve
Why Joe Biden Is Keeping the Cap on SALT Deductions
When the Trump administration pushed capping the federal tax deduction for state and local taxes (SALT), the plan was billed as a way to punish Democrats in high-tax states. But the move also increased federal revenues by as much as
The Story of Adani- Asia’s Second Richest Man
“Business is all about risk taking and managing uncertainties and turbulence.”