Prices

The absence of market discipline in medicine cannot last. Governments and the medical cartel have successfully used fear to maintain control.  Fear has kept the masses from rising up. Until now. 

While economists and journalists are fond of saying inflation is "X" percent, in reality, the price indexes don't measure inflation accurately. Instead, they are statistical constructs created to benefit the government.

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.

People often react to sudden price changes by demanding that government "do something" to bring prices down. It is important to understand the mentality behind such beliefs.

Modern portfolio theory, while popular with many economists, runs into serious problems when examined through the lens of Austrian economics

"Under socialism production is entirely directed by the orders of the central board. The whole nation is an 'industrial army' and each citizen is bound to obey his superior's orders."

The market economy as a field of liberty, spontaneity, and free coordination cannot thrive in a social system that is the very opposite.

Tulipmania—the famous bubble in tulip prices in the Dutch Republic—cannot be explained by studying the "fundamentals of the tulip market." The answer lies in manipulation of the financial sector. 

The aim of the law should not be to constrict but to maximize price freedom and market freedom.