The reductive and lazy dismissals of the possibility of bringing about free market systems of healthcare, in addition to the administrative and legislative hurdles imposed by government agencies, have all been brought into the limelight in the wake of the pandemic. However, dealing with them is not the purpose of this article; there are a sufficient number which can easily address the usual complaints.
Mises Wire readers are probably familiar with nineteenth-century American proto-libertarian Lysander Spooner (1808–87). Spooner’s radical challenges to statism are best summed up by the title of Murray Rothbard’s edited collection of Spooner’s greatest writings: Let’s Abolish Government. Spooner was a great American, an anarchist committed to the free administration of j
When David Card was recently awarded the Nobel Memorial Price in Economic Science (along with two other economists), I figured Paul Krugman would weight in, since Card, along with the late Alan Krueger, authored an economic study almost thirty years ago that allegedly debunked standard economic theory on the effects of a binding minimum wage. Krugman did not disappoint.
The world we come from had lots of death. Every society we know of before the mid-1800s or so saw more than one in four children die during their first year of life. Of those who made it through this first difficult year—through disease, malnutrition, famines, or natural disasters—another quarter or so died before they reached fifteen.
As reported by Reuters on Wednesday:
Yes, inflation is back, and you should probably be relieved if not outright happy.
