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How Third-Party Payers Drive Up Medical Costs

The modern health insurance industry, a by-product of government regulation and tax policy, has led to a system in which the consumer of medical services doesn’t know the costs or final prices charged for services. Without a functioning system of price signals, prices cannot be contained.


Five Lessons Learned from the Scottish Referendum

The Scottish campaign exposed elite dread of decentralization while and illustrates anew ongoing trends in the decline of the nation-state.


Mises Economics Blog

Matt McCaffrey: Entrepreneurship Can Be Hazardous to Your Health
The Economist ran a good article last week about the enormous difficulty of being an entrepreneur. In particular, the piece emphasizes the importance of doing away with the mythology of entrepreneurship as a life of romance, adventure, and the heroic ... More »

Ryan McMaken: Mateusz Machaj and Tom Woods Discuss the Taylor Rule
As a follow-up to his recent Mises Daily article on the topic, Mateusz Machaj and Tom Woods discuss the Taylor Rule, its history, and its errors. Also here. ... More »

Ryan McMaken: How Third-Party Payers Drive Up Medical Costs
Mises Daily Monday by Willem Cornax: The modern health insurance industry, a by-product of government regulation and tax policy, has led to a system in which the consumer of medical services doesn’t know the costs or final prices charged for servi ... More »

Ryan McMaken: Call for Papers: Speaking Truth to Power from Medieval to Modern Italy
Jo Ann Cavallo sends along this call for papers.  She's co-editing a new volume with Carlo Lottieri:  Annali d’Italianistica 2016 Speaking Truth to Power from Medieval to Modern Italy Guest-Editors: Jo Ann Cavallo (Columbia Uni ... More »

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In the Mises Store

Choice in Currency

A path-breaking essay by Hayek, newly in print in cooperation with the Institute of Economic Affairs, this piece first appeared in 1976, during an inflationary bout in the U.S.. Hayek saw that it was ... More »

Toward a Libertarian Society

Walter Block has for decades been one of the most effective and indefatigable defenders of libertarianism. One feature in his writing stands out, from his classic Defending the Undefendable to the pre... More »

Economics of Prohibition, The

It is conventional wisdom that alcohol prohibition failed, but the economic reasons for this failure have never been as extensively detailed or analyzed as they are in this study by Mark Thornton. ... More »

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