Bureaucracy and Regulation
School boards are political institutions often more interested in social policy than in education.
Governments fund and regulates the overwhelming majority of post-med-school residencies. Not surprisingly, there is now a shortage in residency positions. And government refuses to allow for greater freedom in licensing foreign doctors.
Austrian Economics OverviewInterventionism
Book ReviewsTaxes and SpendingOther Schools of Thought
In the words of Henry Hazlitt, "ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors."
Legal SystemU.S. History
The #NeverAgain movement that arose after last year’s Parkland shootings ignores how government officials cannot be trusted to behave honestly or responsibly to save student lives.
Traditional macroeconomic measures may not tell us very much about where the current malinvestment bubbles are — or what their effects will be.
Subjective value is not objective. Sounds obvious, but the distinction is lost on most — scholars and practitioners alike.
In the event of a global slowdown or recession, Europe would be in a particularly dangerous situation.