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The Mises Week in Review: October 24, 2015

  • The Mises Week in Review: October 24, 2015
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Tags Global EconomyMedia and CultureTaxes and SpendingWorld HistoryEntrepreneurshipPolitical TheoryPricesValue and Exchange

10/24/2015Mises Institute

On Friday, a desperate China announced another round of interest rate cuts — its sixth such announcement in the past year. Cheered on by Nobel Prize winning economists, and pundits who dream of socialists utopias, governments continue to cling to the follies of central planning, easy money and growing debt.

Of course, not even science fiction can change the hard realities of economics.

Luckily, the resulting chaos that inevitably leads from these disastrous policies creates opportunities for the truth to prevail. Examples can be seen when panicked regulators taking a second look at the benefits of 100 percent reserve banking or the emergence of healthcare providers have broken the shackles of the government-distorted insurance model.

One doctor that has taken that stand is Dr. Michel Accad. A frequent Mises Daily contributor, Dr. Accad joined Jeff Deist this week on Mises Weekends to discuss his experiences as a practicing cardiologist in the Age of Obamacare. If you feel like just a number at the doctor’s office, you’re right: the entire visit culminates in a particular code being entered into the insurer’s database. That code determines how much your doctor gets paid, and it’s all part of a system of bureaucratic overhead and perverse incentives.

If you’re interested in learning about the true state of medicine in a post-Obamacare world, this interview is a must listen.  

Dr. Michal Accad: Why Can't We Pay Cash for Doctors?

 

In case you missed any of them, here are this week’s featured Mises Daily articles and some of our most popular articles at Mises Wire:

 

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