Other Schools of Thought

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Philipp Bagus

A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the supply is almost irresistible. A drastic reduction of government spending and deficits is not very likely either, given the incentives for politicians in democracies. So what is to come?

Hunter Lewis

The only way to provide good medical services at a reasonable cost is to bring back market pricing. We need the market not only to get supply and demand back into balance, but also to decide what exactly will be supplied. When was the last time that anyone saw a normal market price in medicine?

Mark Thornton

The focus of Dallas Buyers Club is on the crony-capitalist relationship that exists among the American health care system, the pharmaceutical companies, and the FDA. The monopoly power that results from this union is used to stifle a person’s right to consume what he wants and treat himself as he sees fit.

David Gordon

At the heart of fascism lies state control of the economy. Mises found this in Nazism, and, it is prevalent in America today.

Frank Hollenbeck

Voltaire once said, “Paper money eventually returns to its intrinsic value — zero.”

Venezuela illustrates Mises’s argument that economic intervention, if unchecked, leads to socialism.
 

Iván Carrino

A few days after the victory of Cristina Fernandez de Kirchner in Argentina the government imposed foreign exchange controls.

Hunter Lewis

The Obama administration inserted language into the 2012 fiscal cliff bill that enabled GE to avoid paying much federal income tax.

Robert P. Murphy

The snags with healthcare.gov are merely a sideshow; the true problems with ObamaCare run much deeper than a malfunctioning website.