| Mises Institute

Obamacare’s Many Negative Side-Effects Should Surprise No One

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Government intervention causes iatrogenics — unintended negative consequences that hurt the very people they’re intended to help. Nowhere is this better exemplified than with Obamacare, a policy intended to bring insurance to all that has in effect taken it away from many. This paradox can be applied to other policy arenas as well.

Our Time Is Now

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Mises said the causes of freedom and Austrian economics had to be advanced by a dual program: scholarly work in the defense of freedom and educating business and professional leaders with the compelling case for the Austrian School. Mises would be proud of what you have helped the Mises Institute accomplish.

After the Taper: The Fed’s Non-Plan Is Unchanged

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One can be certain that interest rates will shoot up once inflation picks up. Since most of the U.S. debt is short term, it is going to be very difficult to inflate prices to reduce the real value of the debt. How will the U.S. government react if it has to refinance at interest rates of 12 percent or more, like in 1981?

Not Every Health Condition Is Insurable

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Just because healthcare is expensive is not a necessary or sufficient condition for mandating coverage. If you think healthcare pricing seems nonsensical now, just wait until you see what happens when mandated coverage removes any semblance of rational insurance pricing to the healthcare “ insurance” market.

How Government Cutbacks Ended Sweden’s Great Depression

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Sweden, once the crown jewel of the welfare state, took the road less traveled, and emerged as a financially sound economy, and an example of the economic growth possible with free markets. The country’s financial strength and its ability to resist a global recession are due to the long-term rolling back of the expansive welfare that Keynesians so often praise.

In Trusting Politics and Politicians, It Is the Pope Who is Naïve

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Pope Francis’s compassion for the poor is overwhelmed by his confusion about the market economy. Economic liberty has done more to elevate the living standards of the general population than any other form of social organization in history. It is the only system which does not trust in the goodness of those with power.

Fortunately, the Market Wasn’t Controlled by This Guy

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In Wednesday’s Mises Daily article, Gary Galles explained how there’s no way to predict the many new ways the marketplace can create, deliver, and sustain amazing new things. This is why freedom is so essential.

Betting Against Canadian Housing

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We have been watching the Canadian Housing Bubble unfold for the last several years. Now someone is putting together a special fund to help wealthy Canadians hedge their bets against their real estate holding. The idea for the fund is based explicitly on the Austrian theory of the business cycle.

72% Think It’s Big Government

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This poll says that 72% of Americans now consider big government to be the biggest problem America faces, not big business or big labor. Austrian economists had long said that the battle against big government seems hopeless and then bang, the people wake up and you have an ideological revolution on your hands. HT: RD

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

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