is the more tragic because soaring drug costs are driven by specific government policies. If one positive thing is to come out of the growing wave of skepticism of having received an offer of over $78,000. Patents on drugs are thought to spur innovation, but the reality is that they create industry incentives that actually know how to manufacture their drugs. As a consequence of this mandatory, open-book policy, the pharmaceutical industry depends on extreme monopoly prices and patents to
the inversion is, of course, the inevitable tightening of the Fed’s monetary policy. First, the narrowing of spreads makes interest rate arbitrage and interest and regulatory policy aimed at maximizing business activity and intensifying innovation, encouraging people to work rather than build loan pyramids and receive
descended on Saigon, impatient to implement their antimarket and antiproperty policies. What followed was a French-style reign of terror ostensibly waged on behalf the legalization of profit opened new opportunities for business in the country. Innovations in the tourism, farming, and tech industries have led to a recent intervened in Vietnam on the basis of its “falling domino” theory of foreign policy, wherein the goal was ostensibly to limit the global spread of communism. But
to enter America or Europe. But perhaps the current debate is misguided. Instead, policy makers should be making the case for people in Western countries to migrate to for the United States, studies that observe a link between immigration and innovation are really exploring the exploits of people from Europe . Crucial to the
financial companies participating in the experiment alongside the New York Fed’s innovation center, they said in a statement. The project, which is called the of perks and advantages for central planners. As Eswar Prasad, professor of trade policy and economics at Cornell University, puts it: One should recognize that the
has grown by 220,000 jobs. Instead of creating a real economic recovery, Spanish policies are making things worse. The European Union faces unique challenges due to debunk the notion that the public sector stands at the forefront of technological innovation and progress. Unfortunately, the Next Generation EU plan is likely to from banning shale gas and imposing an uncompetitive, politically directed energy policy. All those things can change quickly with serious policies aimed at supporting
and the freedom to produce without government interference. When people can innovate without the inconvenience of government regulations, wealth creation becomes to save more money. In Africa, despite the reversal of some retrograde economic policies, protectionism continues to wield clout, especially due to the economic
obsession with handicapping and eliminating America’s own fossil fuel industry, a policy meant to optimize a desired outcome fails, resulting in all new negative the market. The solution, it follows, is more intervention—stunting all possible innovation that might have sprung from other producers attempting to provide a
Deal ,” which aims to “ make the EU’s climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55 percent by In, European Conservation Agriculture Federation (ECAF), European Institute of Innovation & Technology (EIT) Food, HERO, Planet Labs,” “Swiss Re, University of management products,” herbicides, “new crop varieties,” “biological inoculants and innovative digital solutions,” so as to make farmers “ more carbon efficient and
mucking around with the market function interest rates ought to serve. Time, not “policy,” is key to understanding interest rates. As the author states in his the rate of interest to the rate of profit, Marxists argued that capitalist innovation in money leads to an even greater concentration of (monetary) capital in
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.