While doctors and nurses become more scarce, the number of health care administrators continues to go up. The role of these administrators is to aggregate and centralize data, although there is no evidence this increases the value of health care.
The drama over Greece’s financial crisis continues to dominate the headlines.
The Greek financial crisis is far from over, although the latest developments show how much the establishment players in the bailout want to move on to the-crisis-is-over-so-turn-your-attention-elsewhere mode.
Mark Thornton reviews the cases of Portugal and Washington state: have the fears of the prohibitionists been realized?
How the Communist Party of China Bubbles and Tries to Keep Them Afloat
Steven Pinker is well known for his theory that violence (globally speaking) is now at lower levels than its every been, and that this is due to th
Mises had diagnosed these problems long before they became apparent. In a series of essays written between the two World Wars—but also in Omnipotent Government published in 1944—, Mises showed that in a world where governments interfere in their domestic markets, and with the monetary system, and where (economic) nationalism prevails, it is pointless to hope for any political and economic resolution from supranational organizations. The best these institutions can do is prolong the disastrous effects of government policies, and postpone—though loans and bailouts—their inevitable collapse.
