In a previous article, “Tax-Loving Conservatives,” I wrote about an invisible line down the middle of your street. Jones lives on the other side. You live on your side. Jones makes you an offer to sell something 10 percent cheaper than Smith sells. Smith lives on your side of the street.

“With the socialization of the health care system through institutions such as Medicaid and Medicare and the regulation of the insurance industry (by restricting an insurer’s right of refusal: to exclude any individual risk as uninsurable, and discriminate freely, according to actuarial methods, between different group risks) a monstrous machinery of wealth and income redistribution at the expense of responsible individuals and low-risk groups in favor of irresponsible actors and high-risk groups has been put in motion.”

Here is a new crowdfunded documentary on the financial crisis produced by Austrian economist Jesús Huerta de Soto!

Click here to watch

[Robert Nozick. By Ralf M. Bader. Continuum, 2010. Xii + 136 pages]

“The Leitmotiv [i.e., an often repeated theme] of social philosophy up to the emergence of economics was: The profit of one man is the damage of another; no man profits but by the loss of others.  This is not a philosophy of social cooperation, but of dissociation and social disintegration.  For the sake of expediency, we call this doctrine after its proponent, essayist Michel Eyquem de Montaigne (1533-92).  In the light of this Montaigne fallacy, human intercourse cannot consist in anything but the spoliation of the weaker by the stronger.”

Austrian Economics & Creative Destruction Facilitator: Peter Klein, University of Missouri Austrian Economics in Organization Studies: How Austrian Ideas Contribute to Strategy, En