Mises’s insight into the importance of Cantillon effects can be further extended to explain not only income and wealth inequalities among individuals but also some rather curious developments in global industrial organization over the last few decades.
What the international trade and monetary system needs in order to grow healthy are free markets, sound money, and entrepreneurs to maintain, accumulate, and employ capital for best satisfaction of consumers around the world.
The effort to extend the scope of practice of nurse practitioners and physician assistants worries many doctors, who are concerned that patients are getting short-changed in the process. Are these concerns simply motivated by protectionist interests? Dr. Rebekah Bernard discusses this massive push.