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

"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

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

[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

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

"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

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

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