Falling Oil Prices and the Fallout
What does a fall in oil prices mean for our boom - and bubble-based economy?
What does a fall in oil prices mean for our boom - and bubble-based economy?
Interest rates are like prices, and the state should not regulate interest rates any more than it should regulate the price of soda. Regulation will lead to overuse of resources, shortages, and distorted markets.
Shocking health care expenditure: US vs. the rest of world.
Every person has different goals for himself, which means everyone will value differently the means to attain those ends.
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.
From The Review of Austrian Economics Vol. 1, No. 4, 1987.
Below, Rothbard explains that one reason given in support of a government-regulated monetary system i
Price changes are the solution to a problem, not the problem itself.
Liberty-loving people are right to be appalled by the Patient Protection and Affordable Care Act. However, just about every evil in the legislation has already been inflicted on the market through fifty years of state destruction of the healthcare market.