Prices

Learn the fundamentals of the Austrian school.

Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2015.

Gold prices are subject to manipulation in a variety of ways from the private sector, central banks, and governments. To see how gold fits into markets, we must look to see how "official" and "unoffocial" prices for the yellow metal are being shaped.

Apart from driving up prices, one of the main problems of subsidized government loans is the fact that a student can get the same loan terms for a high-risk degree in art history as for a safer degree in engineering.

While doctors and nurses become more scarce, the number of health care administrators continues to go up. The role of these administrators is to aggregate and centralize data, although there is no evidence this increases the value of health care.

Although federal courts have struck down their efforts, states and local governments have attempted to limit taxpayer subsidization of migrant populations. This central planning of immigration by the Feds has served only to increase conflict while swelling the size of government.

Jurassic World is the latest film to portray deadly disasters supposedly caused by profit-seeking run amok. But would the private sector really produce a super-smart dinosaur that is likely to eat many of the customers?

Thanks to the higher-education bubble, times are great for those who make money off of college students. Tuition continues to climb while a building boom produces expensive new housing and classrooms. Meanwhile, the students themselves may not be getting their money's worth.

We’re often told that CEO pay is outrageously high and that increases in executive pay comes at the expense of worker pay. If we look beyond the few examples used by the pundits, however, we find that these oft-repeated “facts” are anything but.

I’d like to think Mises would have spared a few minutes of his precious time “exploding the fallacy”—an often used expression in his writings—of Bernanke’s most recent musings.