The right path to healthcare reform is the market path (no subsidies, no monopolies such as drug patents, no licensure, no anything) that tends toward universal distribution at very low prices and relentless improvement in service. The wrong path is to make healthcare run the same way as the post office.
Only the Austrian School can explain how the central bank causes boom – bust cycles, and why "stimulus" deficit spending only makes things worse.
"The state as an abstract entity took on bodily form and was revealed, in the world wars of the 20th century, to be an all-devouring monster."
The United States Postal Service's incompetence has finally shrieked loud enough for our masters to take notice.
"Every assumption of State power, whether by gift or seizure, leaves society with so much less power."
But there are a few great voices left, and others not so great that are still telling the truth, and these the individual may amplify prodigiously.
The incident points out another lesson in political science, namely, that the state never achieves complete ascendancy over society (if it did, society would disintegrate and the state would collapse from lack of nutrition), and that there are always critics and rebels.
When looking for a thorough and logically consistent analysis of broad market forces and the role of the Federal Reserve in promoting an unsustainable boom in long-term production, Tom Woods‘s Meltdown remains the best choice.
One effect of a minimum wage is to reduce the availability of on-the-job training, since more resources are required simply to hire and retain a workforce.
