Imagination is a key aspect of abstract thinking and economics. However, many fallaciously assume that one‘s failure to imagine how something would work on a free market necessitates state provision. This is an unjustified leap in logic.
In Los Angeles, if you want your home or business protected from fires, you must hire concierge firefighters.
In the wake of the shooting of UnitedHealth CEO Brian Thompson, Dr. Keith Smith explains why US health care is so expensive and how to fix it.
Austrian economists have a particular way of thinking about competition and the absence of competition in the form of monopoly.
Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.
Fallout, the dystopian series on Prime, hardly is free market in its caricature of business. However, the show lends itself to being analyzed through the lens of Austrian Economics.
Mises Institute President, Tom DiLorenzo joins Bob to discuss his early days getting into economics, and some of his important work on antitrust policy.
Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.
