Interventionism

The attempt to enforce equality violates human nature.

"The truth behind most of the regulations we have today is that there was already a social and cultural movement against the dangers featured in Madmen."

On the other hand, a social order weakens these forces when it promises that if the individual's work is hindered by illness or the effects of a trauma, he shall live without work or with little work and suffer no very noticeable reduction in his income.

Only these four steps, although drastic, will restore a fully free market in medical provision.

The right path to healthcare reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make healthcare run the same way as the post office.

Prices and wages as determined in a free market, unrigged by political intervention, are the best means of insuring the production and equitable distribution of the goods and services all men seek.

Only the Austrian School can explain how the central bank causes boom – bust cycles, and why "stimulus" deficit spending only makes things worse.

"The products of our schools, for the most part, are incompetent to think and act intelligently, honestly, and bravely in this difficult era."

The individual is always ready to ascribe his good luck to his own efficiency…. But reverses of fortune he always charges to other people…."

Recorded at Mises University 2009.