Category: Economics
-
Profit motive in health care is essential
I wonder: who has the greater incentive to avoid wasting money on useless overhead? The government, or a private company who can keep the money saved as profits?
-
How will government run our health care?
Other than the source of its premiums, Medicare is no different, economically, than a regular health-insurance company. But unlike, say, UnitedHealthcare, it is a bureaucracy-beclotted nightmare, riven with waste and fraud. Last year the Government Accountability Office estimated that no less than one-third of all Medicare disbursements for durable medical equipment, such as wheelchairs and…
-
Road to prosperity for Kansas to be examined in Wichita
At this Friday’s meeting of the Wichita Pachyderm Club, Dave Trabert, President of the Flint Hills Center for Public Policy will explain the ideas and concepts presented in Friedrich Hayek’s monumental work The Road to Serfdom.
-
It’s time to audit the Federal Reserve Bank
The secretive FR [Federal Reserve] is a monetary oligarchy and an unelected monopoly that has control of credit, interest, volume and value of our currency. Until the people regain control of their money, bankers and not the government, will control the situation and our property,” says Al Terwelp, Vice Chair of the Libertarian Party of…
-
Prices ration scarce goods
When something is in in short supply, something must decide who gets the good, and who doesn’t. One way is for government to decide, and the other way is for people to decide cooperatively, through the price mechanism.
-
Maybe props are stimulus, too
The Kansas Meadowlark wonders about construction equipment moved into place apparently just for effect: Tax dollars for props for Biden’s visit to Overland Park? Wasteful spending for Biden to avoid?
-
80 Years Later: Parallels Between 1929 and 2009
Austrian economist Walter Block delivers a lecture that draws the parallels and differences between now and the Great Depression.
-
What kind of man was Ludwig von Mises?
What kind of man was Ludwig von Mises? As this unique film shows, Mises (1881-1973) was a man who never stopped fighting for freedom: not when the Nazis burned his books, not when the Left blackballed him at universities, not when it seemed as if statism had won. With courage and genius, he fought big…
-
How to create wealth and peace
In this short video, Milton Friedman explains how people — even those who might hate each other — cooperate peacefully through free markets, coordinated by the price system, to make the economy work. In conclusion, he says: “That is why the operation of the free market is so essential not only to promote productive efficiency,…
-
Walter Williams on the housing crisis
Economist Walter E. Williams explains the causes of the housing crisis. Then, why would we let these same people who caused the housing crisis take charge of health care? Short and worthwhile viewing.
-
Stimulus is theft
In Theft In Name Of Stimulus Is Still Theft, economist Walter E. Williams makes a powerful argument for something that those who love liberty know: self-ownership is the foundation.
-
Free to Choose
Milton Friedman’s best-selling book Free to Choose: A Personal Statement is based on a television series by the same name. This book, and the television episodes, are important works that explain the importance of economic and political freedom. You can view the television episodes at IdeaChannel.tv by clicking here.