The problem of health care

No part of the economy seems as convoluted as the health care sector. It comprises a vast array of services and procedures, and is usually embedded in a complex legal framework, influenced by powerful interest groups and state monopolies. Medical expertise, gained over years of education and training, seemingly invalidates consumer choice. The complexities of health disorders and its terminology further dis-empower the individual from understanding and autonomous decision making.

On November 21, the Federal Communications Commission announced plans to revisit its Obama-era internet regulations. It seems likely that the resulting vote will repeal the policies often referred to as net neutrality. The name is, perhaps, misleading; to support net neutrality is to support placing the internet more fully under government supervision. The related political debate often divides traditional allies with arguments for free expression pitted against defenses of small government.

The exploits of John Brown have long fascinated historians. His actions, for better or worse, certainly had a significant effect on the country prior to Southern secession, but the fascination with Brown is largely driven by the enigma the man himself has proven to be. In trying to explain his actions and motives, historians have wrestled with questionable and biased testimonies by the people who knew him, and many of the mysteries surrounding John Brown have been explained – then and now – by mental disorders.

Vivimos tiempos inflacionistas. Algunas personas podrían considerar polémica esta declaración. Porque estos días la inflación se entiende en general como un aumento en el IPC de más del 2% anual. Sin embargo, hay razones convincentes para cuestionar este punto de vista. Por un lado, el IPC no incluye “activos” como, por ejemplo, acciones, vivienda, propiedad inmobiliaria, etc. Como consecuencia, las evoluciones de los precios de estos bienes no se contabilizan en los cambios del IPC.

One of Ludwig von Mises’s most important political speeches is our year-end gift for donors! Receive this beautifully printed minibook to enjoy yourself, or to give to friends or family.

The Theory of Money and Credit, Ludwig von Mises’s 1953 treatise on monetary theory, is now available as a free audiobook narrated by Jim Vann.

In a step-by-step manner, Mises presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory.

One of the interesting things I’ve noticed in my world travels is that supporters of free markets and small government generally are known as “liberals” everywhere other than North America.

Last week the Supreme Court heard oral arguments in the case of Masterpiece Cakeshop v. Colorado Civil Rights Commission. The case stems from the refusal of Masterpiece Cakeshop, a bakery, to bake a wedding cake for a same-sex couple. The bakery was found guilty of a civil rights violation and ordered to stop refusing to bake and design cakes because they are for same-sex weddings. The bakery was also required to file reports on the steps it takes to comply and whether it turns down any prospective customers.